What Does an Accounting Controller Do?

An  is responsible for overseeing all financial aspects of a company. This person manages the budget, tracks expenses, and ensures that the books are in order. Additionally, a controller may also be involved in tax planning and forecasting. As important as their job description may sound, very few small businesses have the resources to employ this person in-house. So, they turn to Edgewater CPA Group for help. Here’s why a controller is important for your business.

What Is an Accounting Controller?

The accounting controller is responsible for the accuracy of an organization’s financial reports. They ensure that all transactions are correctly recorded and that the financial statements accurately reflect the financial position of the company. The controller also oversees the accounting department and staff, and they may be involved in developing and implementing accounting policies and procedures. In larger organizations, the controller may report to the chief financial officer (CFO) or another senior executive. In smaller organizations, the controller may be the most senior accountant.

Why Do I Need a Controller?

As a small business owner, you wear many hats. For example, you might be responsible for sales, marketing, product development, customer service, and bookkeeping. While it’s admirable that you can juggle all of these responsibilities, there comes a point when you need to delegate some of the work. This is where a controller can help. By delegating the tasks of the controller to someone else, you can put more focus on other areas of your business and avoid costly mistakes.

What Skills Should a Controller Possess?

When hiring a controller, it is important to look for someone who has strong financial skills and experience. A suitable controller will have a solid understanding of accounting principles. In addition, they should be able to effectively manage a team of accountants and other financial professionals and possess excellent communication and interpersonal skills. Finally, a good controller can clearly explain financial concepts to non-financial staff members and build consensus among different departments. 

We’re the Controller You’re Looking For!

Finding a controller with the right skills ensures your company’s finances are in good hands. Whether you’re doing business in Fort Wayne, Indianapolis, or Evansville, IN, Edgewater CPA Group can help! We’ll be the controller for your business and so much more! So, if you’re interested in bookkeeping services, payroll help, or business tax prep, contact us today at (888) 317-4835.