As a business owner, your finances should be at the top of your priority list. However, with all the other responsibilities you have taken on with your growing business, it can be difficult to give your existing practices and financial systems the attention they need for your company to truly thrive. Outsourcing your business’s advanced financial responsibilities to a virtual controller can ease a lot of this pressure.
Hiring a virtual controller ensures that a dedicated professional is responsible for your business’s financial health, but it doesn’t saddle you with the salary of an in-house controller. Virtual controllers take charge of a variety of higher-level accounting tasks to help your company grow and succeed in the long term.
Read on to understand what a virtual controller is and what they can do for your business.
❓ What Is a Virtual Controller?
A virtual controller is an accountant specializing in business accounting and helping businesses make critical financial decisions. They oversee more complex financial tasks like financial analysis, budgeting, cash flow forecasting, and more. This outsourced professional works with business owners and in-house bookkeepers, if applicable, to best manage their money and take charge of their business’s financial future.
Having a Certified Public Accountant with expert business knowledge on hand is invaluable for business owners, especially for small businesses that can’t afford to keep a controller in-house.
💡 Benefits of Hiring A Virtual Controller
✅ Outsourced Accountancy Expertise
Achieving peace of mind as a business owner is invaluable, and knowing that a professional is taking care of your advanced financial needs will help you rest easy. You can relax and focus on managing your business, knowing that you have a highly seasoned professional staying on top of changing trends, acting on crucial analytics, and ensuring that you are making the right financial decisions for your business.
✅ Saves Time and Money
Outsourcing your high-level financial responsibilities can save you time and money. A virtual controller removes much of the financial responsibility and obligation from your workload, freeing up time previously spent trying to make the best financial decisions possible for your company.
Additionally, you get the benefit of having a financial professional that delivers year-round, personalized guidance to keep your business moving in the right direction, and you don’t need to finance this with another salary. You’ll pay a fraction of the cost for a virtual controller to join your team, who will, in turn, maximize savings and profits wherever possible.
✅ Eradicates Mistakes
Bringing in a virtual controller whose sole focus is the financial success of your business eliminates much of the possibility for careless mistakes. Passing these tasks on to a professional means that your business will be in a better position to achieve greater financial stability and that your organization will be able to execute financial decisions with more accuracy.
✅ Builds A Financial Plan
A virtual controller’s skills go beyond completing basic accounting tasks. They offer an in-depth understanding of finances and the ability to create a comprehensive financial plan that you can employ to nurture your company’s growth. Personalized budgeting, cash flow forecasting, revenue modeling, and more could take your business to the next level.
✅ Keeps You Updated
Imagine having a financial expert who’s always got your back, keeping you in the loop before issues become crises. A virtual controller is dedicated to keeping you updated on your business’s financial health. Instead of scrambling to fix problems after they’ve done damage, you’ll get timely insights and proactive advice.
Your virtual controller will provide reports on your finances as often as you need—daily, weekly, monthly, or annually—tailored to your business’s unique needs. With this kind of support, you can make informed decisions and steer your company towards growth with confidence.
Ready to take the stress out of managing your finances and focus on what you do best?
Reach out today and let’s chat about how we can help you streamline your financial processes and make those smart money moves. Your business deserves it!