Why controllership




















Learn More. Controllership services are mid-level accounting functions and finance-related tasks performed by a controller. Depending on the size of your business or the complexity of your accounting, a controller can be the head of your accounting department or report to a CFO, which plays a more strategic role when it comes to finance and management. In many instances, a business has a full-time bookkeeper on staff and relies on them for month-end reporting and more complex accounting activities.

By having a bookkeeper handle the higher-level functions it can result in a lack of expertise and inaccurate financial information. As a company starts to grow, it is important to have a clear financial picture and up-to-date information to make better business decisions based on accurate numbers. At Plumb, we work with businesses to provide an outsourced accounting option based on their specific needs.

We can enhance an existing accounting department by offering an outsourced or part-time solution. For example, businesses will continue to keep their full-time bookkeeper on staff and a Plumb controller can come in on a weekly or semi-weekly basis to handle the month-end and industry-specific reports and analysis.

Though, the amount paid most certainly depends upon the company hiring. A controller or a comptroller can act as a financial leader in your company. The step-by-step plan to manage your company before your financial statements are prepared.

Click here to access your Execution Plan. Not a Lab Member? Leave Us A Review! CFO Training. Facebook Twitter Linkedin Pinterest. In order to realize value from such efforts, controllership may have to reorient its traditional view of risk, regarding it as a strategic choice that can enable the function to provide foresights and insights, not just hindsight.

Finally, return on investment decisions should be viewed through the lens of the enhanced value that can be provided to the organization when the full capabilities of controllership talent can be devoted to higher value activities. Pressure to drive out finance cost can result in a myopic focus on tackling core accounting tasks efficiently, leaving little capacity for analytics, insights and control. But with the right mindset—combined with the right people and technologies—controllership can redirect the time and resources spent completing basic tasks, such as producing books and records, toward activities that can support finance in providing strategic support to the business.

All Rights Reserved. This publication contains general information only and Deloitte is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor.

Deloitte shall not be responsible for any loss sustained by any person who relies on this publication. These entities are separate subsidiaries of Deloitte LLP.

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