Our outsourced controller services are specifically designed to suit the exact needs of growing businesses. With a focus on businesses with a minimum of $1 million in annual revenue (and scaling to much higher), our controllers are responsible for overseeing all client accounts, providing timely insights and financial advice, and carrying out proactive account management, a standard of excellence at Back Office CFO.

All Back Office CFO Controllers and Accounting Managers are CPAs with extensive experience in financial management and controller services. They oversee all work completed by our full-time bookkeepers, close client books on a monthly or quarterly basis and provide consultations on a wide variety of client matters.

A sample of some of the specific tasks our Controllers are responsible for:

• Management of accounting and bookkeeping processes
• Budgeting and forecasting
• Cash flow management and projections
• Accounting documentation, including processes, procedures and operations manuals
• Job costing and inventory tracking
• Key metric benchmarking
• Third party accounting software selection and implementation
• Reporting and oversight of month-end closings
• Audit preparation and advisory service
• Management of accounting and bookkeeping processes
• Accounting System Conversions or New Accounting System Implementations

Your Accounting Options:

• Full Accrual (including prepaid expenses, accrued expenses, accrued payroll, and deferred revenue)
• Modified Accrual (including accounts receivable and accounts payable, banking & credit card activity, and payroll)
• Cash Basis (receipts and disbursements, banking & credit card activity, and payroll)

The formula behind the success of Back Office CFO’s services is simple but well-developed. We combine a team of experts, systematized processes and procedures, and the very latest in accounting technology to ensure our clients receive the very best services to support their unique business needs.

Your full-charge bookkeeper is responsible for daily entry of accounting transactions: vendor bills, customer invoices, bill payments, customer payments and deposits, other disbursements and withdrawals. The bookkeeper maintains complete and up-to-date detailed accounts receivable, accounts payable and cash account ledgers and provides daily or weekly reports on these and other critical areas of business management. The bookkeeper either processes payroll or makes the necessary entries to record payroll processed by a third-party provider. In either case, payroll entries will include complete recording of gross wages, employer tax and other payroll expenses, and payroll liabilities.

A sample of some of the specific tasks our Controllers are responsible for:

BASIC SERVICES

• Accounts payable (bills and payments)
• Accounts receivables (invoices and collection)
• Daily general ledger maintenance
• Time tracking & job cost reporting
• Payroll processing
• Expense classification
• Sales commissions
• Sales and use tax filing
• Bank account reconciliation
• Credit card reconciliation
• Paypal reconciliation
• Balance sheet generation and review

ADVANCED SERVICES

• Budgeting & Forecasting
• Financial statements & custom reporting
• Inventory management
• Work in process (WIP)
• Foreign banking management
• Fixed asset management
• 1099 forms
• Coordinating with your CPA or tax adviser
• Tax & Audit support

MONTHLY FINANCIAL REPORT PACKAGE

• Balance Sheet
• Profit and Loss Statement – Month
• Profit and Loss Statement – YTD
• Profit and Loss Statement by Class – Month
• Profit and Loss Statement by Class – YTD
• Cash Flow Statement
• Accounts Receivable Aging
• Accounts Payable Aging
• Prepaid Expenses by Vendor
• Accrued Expenses by Vendor
• Deferred Revenue by Customer
• Open Sales Order by Customer
• General Ledger