In Pursuit of Profit
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 We work with companies every day that are hiring mid-to-management level accounting and finance positions and one question we hear a lot is, “How much do controllers make?”
Companies asking us about controller salaries are usually trying to do accounting salary benchmarking to determine what to offer for the role. In some cases, the controller role is a new position for their organization. In other cases, they are looking to replace a long-term employee, which means they have not listed a controller opening in many years and they need timely advice on what to offer these days. So, what is an accounting controller’s average salary? Get ready to dive into the numbers!  Do you see your accountant as a number cruncher or an advisor? In an article that we published almost two years ago, our team pointed out that, Today’s business climate requires more skills from your accountant than ever before… Successful companies need someone that will not only manage cash flow and provide accurate forecasting and reporting, but also offer sound advice. Having an accountant that can do the job is essential but having an accountant that can act as an advisor can really give you a competitive advantage. And if that was true back then, it is certainly still true today! The best accountants are disciplined, proactive, collaborative, and operate with high ethical standards; and aside from just executing on deliverables, they also add value to the company with the work that they do in the following ways:
 As fractional accountants, we have experience with a wide array of “less than full-time” accounting engagements ranging from ongoing part-time work and extra assistance during busy periods to short-term project work and interim roles while a new accountant is hired. Of these, interim work is notoriously underutilized, which is disappointing because it is an area where bringing in help expeditiously can have a huge impact.
 While many experts have been quite vocal about the benefits of moving to a cloud-based accounting platform like QuickBooks Online there are far fewer resources available for companies that are looking to make the switch in the other direction.
Of course, businesses with outdated locally hosted accounting platforms can reap the benefits of migrating to a regularly updated accounting software with anywhere, anytime access. But what often gets overlooked is the scenario that some growing companies face when their needs begin to outpace the functionality QuickBooks Online (QB Online) offers. |
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6/24/2022