In Pursuit of Profit
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The role you need depends on your business needs, so let’s look at common business triggers that most likely require needing the next level of financial role, and what kind of activities and responsibilities each role typically includes. We’ll start with bookkeeper and work our way up to Chief Financial Officer (CFO).
3/31/2026 Do You Need an Interim Accountant? 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. 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! A resource offered in partnership between The ASP Team and CFO Selections One commonality among our businesses at The ASP Team and CFO Selections is that we often talk to business leaders that aren’t sure which kind of accounting role they need. They typically understand the duties they would like the person to perform and the deliverables they expect to receive, but they aren’t sure what to call the role exactly. Without the proper title it makes it difficult to hire into the role or find an accounting services company to provide exactly what they need. Sometimes clients will come to us at The ASP Team saying that they need a “bookkeeper” as a catch-all phrase for someone doing any kind of accounting work but what they are really looking for is something more – an Accountant, Senior Accountant, or even Controller. Similarly, sometimes clients will come to us at CFO Selections saying that they need a “CFO” as a catch-all phrase for someone doing more advanced accounting work or leading an accounting team but what they actually need is something less – a Controller, Accounting Manager, or Senior Accountant. How do you know which you need?
It typically takes age and perspective to appreciate the true value of time and reorient ourselves to using our time more wisely.
In business, time measures efficiency, productivity, and the amount of human capital needed to operate a business. There seems to be a never-ending quest to find that next tool which will save and costs. From optimizing workflows, to new software solutions, and now how AI can be implemented, businesses are trying to free up time by removing mundane tasks from the workload. These tools aren’t really “time savers,” but instead seek to shift how time can be spent toward higher skill tasks that can add more value to the bottom line. As businesses look to cut costs and streamline their operations, one area has often escaped the scrutiny it deserves - the time cost of meetings. Research shows that bookkeepers and accountants are making more mistakes as their workload has increased over the last few years. The data also shows that the more capacity constrained accounting professionals are, the more likely they are to make data errors on manual work and miss issues when conducting regular reviews on accounting records. And while this certainly does not mean accounting professionals across the board are doing poor work, even the best accountants are feeling the pressure. As their time continues to be squeezed and their responsibilities expanded, good accountants are finding that they need to work even harder to maintain the top-notch work that they are doing. The result is an environment more conducive to burnout and errors regardless of the integrity and work ethic that they bring to the role. If your books are messy due to overworked bookkeeping and accounting staff or turnover in those roles, you need to be able to figure out what needs to be fixed, understand how to fix it, and take a proactive approach to avoid future accounting issues! |
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4/13/2026