In this video, Nikole from Momentum Accounting discusses the role of a controller in an accounting department. She explains why a controller is important and how they differ from bookkeepers and CFOs. Controllers handle tasks such as month-end closing, financial statement preparation, KPI building, forecasting, technology management, and overseeing the bookkeeper. They also set policies, controls, and prevent fraud. Small businesses can benefit from outsourcing controller services if they don't require a full-time controller.
Highlights
📚 A controller plays a crucial role in an accounting department and is often overlooked or misunderstood.
💼 They handle tasks beyond day-to-day data input and manage the higher-level accounting processes.
📊 Controllers are responsible for month-end closing, financial statement preparation, and creating KPIs for analysis.
📈 They may also assist with forecasting and technology management in the accounting department.
🔒 Controllers set policies, controls, and help prevent fraud by adding an extra level of review.
💰 Small businesses can outsource controller services if they don't require a full-time controller.
🤝 Momentum Accounting offers an outsourced accounting department with a team approach, providing bookkeepers, controllers, payroll support, and even CFO services if needed.
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