Controller on Call

There is a unique service that J & B offers for continuing involvement with your business for financial management. This service is Controller-On-Call.

In my 25+ years in the field of accounting and finance I have found that many times a medium size company needs high-level financial expertise, but not a full time employee to provide it. Even in my own career I had positions that utilized my unique controller/chief financial officer skills about 30-40% of the time, and the rest of my workday was filled with “make work” – things that could have been done by a less costly staff person, but were done by me because I had the available time.

Controller-On-Call gives you the opportunity to have professional controller/chief financial officer expertise and only pay for the time you need it.

How does it work?

The key to the success of Controller-On-Call is continuous involvement in the operations and financial reporting of your company. It starts with regularly scheduled visits to your location - this can be once or twice a month, depending on the complexity of your accounting and business systems. I will review and establish accounting and reporting procedures with your staff and will work closely with your office manager to make sure all accounting issues are handled properly and timely. Monthly financial statements will be prepared and reviewed with you. Non-accounting reporting issues will be handled or monitored as necessary, such as vehicle registration procedures, federal and state fuel taxes, and governmental forms for various agencies.

Besides the traditional "accounting and reporting" functions, there are many other areas of general management that are often best addressed by a financial professional. These would include...

• Cash management functions.

• Reviewing and determining the appropriate levels of insurance coverage and assisting in obtaining competitive quotations.

• Develop and document human resources procedures for vacation and sick time and employee benefits.

• Assisting in developing financing plans and obtaining appropriate financing.

• Working with operations staff to develop and track key indicators of productivity and profitability.

• Creating proforma models for bidding new work and assessing the value of existing contracts.

• Working with prospective acquisition target companies to perform due diligence and evaluate the offer price assumptions.

These are examples of the types of issues that come up and require a financial professional, but they don’t come up every day, thus the value of a Controller-On-Call.

Initially I suggest service at the twice a month level as we would work through implementing new procedures and controls. This generally costs your company less than the cost of a full time accounting clerk. At any time, you can reduce the service level, or if necessary, increase your service during a period of significant growth or during an acquisition.

For more information about this service, Contact Us.