Tax, Technology & Social Media Trends Blog
1 Jan
If you want to stay on top of your finances, but do not want to hire a full time controller - why not consider a “Virtual Contoller”?
A Virtual Controller can provide management valuable financial advice and customized financial reports that provide real value to their businesses decision making.
Here are some of the ways that a Virtual Controller can assist your business:
1. Guide you through the start up process and assist in getting your accounting system set up correctly in QuickBooks.
2. Train your bookkeeper or other assistant in the proper accounting procedures for your particular business.
3. Work with your bookkeeper on a monthly basis to ensure that transactions are recorded correcly and records are kept up to date. Is also available to assist the bookkeeper if problems should arise.
4. Offer guidance in the budget planning process and provides budget-to-actual analysis on a monthly or quarterly basis.
5. Discuss project or department profitability on a monthly or quarterly basis.
6. Prepare fixed asset depreciation schedules on all equipment and keep the list current with new purchases.
7. Schedules a monthly teleconference with management to discuss results of operation as well as other business decision making issues that may arise during the month.
If you would like to learn more about Virtual Controller Services, contact Lisa Khayyat, CPA:
info@LisaKhayyatcpa.com
2 Responses for "Virtual Part-time Controller Services"
This seems like a fun and valuable service to provide to clients. What is the going rate for services of this type? Is it usually billed hourly or on a set contract for the year?
Shane: I think a going rate would depend upon a lot of factors - it’s like pricing any other engagement. You have to look at the services being provided and the time involved in providing those services. You might want to bill the client hourly or on a fixed fee. Each billing method has its advantages and disadvantages.
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