Frequently Asked Questions
If you have any questions that are not listed below please contact us with any inquiries.
What is a Controller?
A Controller is a high level position that is responsible for a company’s accounting functions. In small businesses they also function as the CFO (Chief Financial Officer). This person is responsible for knowing the status and health of the company’s cash, assets, and expenses, financial reporting and analysis, lending, budgeting and forecasting.
How “big” must my business be for Controller onDemand?
Typically we work with 7 & 8 figure businesses for most service offerings and projects. However there may be some exceptions. Reach out if you are smaller I often can refer you to someone who would be a good fit for your business.
How much does a full-time Controller cost?
An average full-time Controller salary averages $200K annually and, depending on their experience level, can be close to $300K. This is why a part-time Controller/CFO is a great option for a small business. You can get the expertise, services and advice without the full-time price!
Source: Controller Salary
If I already have a CPA and/or a Bookkeeper – do I need a part-time Controller/CFO?
YES, absolutely, if you want to grow your business! Typically a bookkeeper records the revenue and does the data entry, nothing more. Your CPA prepares a yearly summary showing the total revenue and expenses that have been recorded and calculates your tax bill. There is something missing between a bookkeeper and a CPA, a Controller/CFO to plan, review and analyze on a regular monthly basis that will give you the be able to provide you with the regular information and analysis to grow your business.
Research has shown that 50 percent of businesses will fail without a proper financial plan (budget) and that most businesses fail due to lack of internal expertise (they don’t control their cash or analyze their numbers). Or worse yet, they don’t even look at their numbers on a regular monthly basis. Numbers don’t lie!
Does Controller onDemand offer bookkeeping services?
YES we do! However only as an add-on for businesses who are also using our CFO service. We have inhouse bookkeepers overseen by a CFO for accuracy.
Does Controller onDemand do tax returns?
No, we do not do tax returns. We leave that to the CPAs. This way we can provide constant, regular accounting support to your business without being interruption during tax season. We also review your books before you send them to your CPA to save you money in any errors they may have to correct. We have relationships with several area firms and can assist you in identifying the CPA that is the right fit your business.
Is Controller onDemand a staffing agency?
YES! We can help you find the right person for your inhouse accounting team. On many occasions we have assisted clients in evaluating current Controllers and replacing them when necessary.
What accounting software do you support?
We work with QuickBooks Online, Desktop and Enterprise only so we are able to be an expert in one software to get the best result for our clients. We can also help you integrate industry-specific software to work well with QuickBooks or research and suggest one for your specific needs.
We can also convert your current software to QuickBooks Online seamlessly.