Controllership And Bookkeeping Services
Whether you’re starting out and need proper controls and bookkeeping records, or you have fixed problems with the CRA and need to keep financial controls and bookkeeping practices up to par. We can help your business with these day-to-day operational needs.
Our Controllership and Bookkeeping services include:
- Training and Support: We set-up and install QuickBooks or other accounting software, provide training and ongoing support to you and your staff.
- Bookkeeping: Send us your receipts, sales invoices, bank statements and other paperwork and we’ll reconcile and record your transactions in QuickBooks or other accounting software.
- Bookkeeping+: In addition to regular bookkeeping, we can handle your invoicing, payroll, bill payments, cash reconciliation and return filings.
- Controllership: We do everything included in Bookkeeping+ with the addition of providing you with monthly reports, benchmarking information and other tools to help you monitor your business.
Is there a difference between a controller and an accounting manager?
An accounting manager is in charge of overseeing the accounting department and the other accountants in the company. They also analyze the financial records of the firm. On the other hand, controllers manage the financial decisions that get made within departments, which gives them a greater level of responsibility within the company.
Can controllers be held liable for financial losses?
A controller has to manage the financial affairs and also assess the risk of a business. They’re also responsible for overseeing the company’s tax and permit requirements. As they have access to this sensitive information, they could be held liable for financial losses. Determining whether they’re liable would require proof that they acted irresponsibly and without due care in their role.
How can a controller help prevent fraud?
There are a few strategies a controller can implement to reduce the chances of fraud. Firstly, you can create a check/balance system, so there isn’t only one person dealing with finances. You also need to have proper internal controls and processes to monitor and keep track of all the financial information. Don’t give everyone access to company credit cards, and if someone has made use of one, they need to provide slips for all the transactions.