Fractional Controller
CFOPro offers fractional controller services to businesses needing high-level financial expertise without the cost of hiring a full-time controller. A fractional controller provides services such as managing accounting operations, ensuring compliance with regulatory requirements, preparing financial statements, overseeing budgeting and forecasting processes, and implementing internal controls.
Financial Reporting
- Oversee the preparation of financial statements, including balance sheets, income statements, and cash flow statements.
- Ensure accurate and timely reporting in compliance with accounting standards.
- Manage day-to-day accounting functions, including accounts payable, accounts receivable, and general ledger maintenance.
- Implement and maintain efficient and effective accounting processes.
Accounting Operations
Internal Controls
- Establish and monitor internal controls to safeguard financial assets and prevent fraud.
- Conduct regular internal audits to ensure compliance with financial policiesand procedures.
- Collaborate with management to develop and monitor budgets and forecasts.
- Provide analysis of budget variances and recommendations for corrective actions.
Budgeting and Forecasting
Tax Compliance
- Partnering with CPA tax firms that ensure compliance with tax regulations and oversee the preparation of tax filings.
- Collaborate with external tax professionals to optimize tax strategies.
- Analyze financial data to provide insights into business performance.
- Generate reports and metrics to assist management in making informed financial decisions.
Financial Analysis
Team Management
- Supervise and mentor accounting staff, ensuring high accuracy and efficiency in financial operations.
- Support professional development within the accounting team.