Hiring a contract controller may be necessary if your business is new, in transition, or between financial professionals.
A contract controller is responsible for managing and overseeing financial and accounting functions for a business on a temporary basis. This individual serves in a contract role, providing services for a period of time, rather than being hired on as an employee. The primary responsibility of a contract controller is handling the financial reporting for the business. Tasks often include preparing and analyzing financial documents and statements, verifying the accuracy of all information. Additionally, a contract controller is responsible for complying with tax regulations and accounting principles.
Other responsibilities may include handling financial forecasting; preparing, reviewing, or adjusting budgets; and handling business tax needs. Since tax requirements differ depending on the type of business and other factors, it’s essential to have a professional oversee filings and identify potential opportunities to reduce liabilities and lessen the tax burden. Contract controllers can also identify financial risks, analyze cash flow, and create strategies that boost business profitability while promoting efficiency.
Hiring a contract controller may be necessary if your business is new, in transition, or between financial professionals. No matter the situation, we encourage you to contact us at TG Accounting PLLC when such a need arises. We serve clients located throughout the Sandpoint, Idaho area, delivering a range of financial services to keep businesses running smoothly. By hiring one of our skilled professionals as a contract controller, you can enjoy flexibility and efficiency. You don’t have to worry about bringing on someone full-time as you ensure the company’s financial health and prepare for the future.
Contact TG Accounting PLLC Today!
FAQs About Contract Controllers
Running your own business can often come with many unforeseen challenges. If you’re having difficulty understanding your financial situation, need more detailed financial reports, or are spending too much of your time handling routine accounting tasks, it might be beneficial to turn to a contract controller for assistance. Here at TG Accounting PLLC, our team of experienced contract controllers is ready to provide the customized solutions you need to gain clarity over your finances.
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What does a contract controller do?
Contract controllers are equipped to provide a broad range of accounting and consulting services. They can review your financial statements for any errors or omissions, oversee your budgeting process, analyze your company’s financial performance over time, and even offer informed strategies to help your business thrive.
When is a good time to work with a contract controller?
If your business has grown too much for you to handle all your accounting and bookkeeping needs on your own, it’s time to ask for some extra help. We encourage you to reach out to a contract controller on our team if:
- Your company is scaling rapidly and you’re not sure if you can effectively handle the additional accounting tasks.
- You’re worried about maintaining an accurate or compliant financial record.
- You need help analyzing or generating accurate financial reports.
- You’re preparing to apply for a loan.
- Your business is facing an audit.
Can a contract controller help organize my financial records?
Absolutely! If you have fallen behind on your bookkeeping tasks and your financial records are in a state of disarray, a contract controller can work to identify any errors, organize your documents, and create more effective systems to prevent similar issues in the future.
Contact TG Accounting PLLC Today!
At TG Accounting PLLC, we offer contract controller services for clients in Sandpoint, Coeur d’Alene, Meridian, Nampa, and Boise, Idaho, as well as Cheyenne, Wyoming; Reno, Nevada; Sioux Falls, South Dakota; Billings, Montana; and Provo and Salt Lake City, Utah.