Control Your Business with our Online Controller Services
Track every $ in & out of the system
Every financial activity documented
Tighter compliance and processes
Indepth & Regular reporting package
What is a Controller? How they can help your business?
A controller can help you consolidate the disparate processes, technology, and people that have gotten you this far & provides a layer of accountability for bookkeepers and accountants, ensuring that each is doing the required work—from keeping up with timelines to adhering to financial expectations to compiling reports—to reach the company’s goals on time.
A controller sees strategic goals through to completion. Tracks the company’s overall budget. Ensures you’re hitting your budget and margins. While not ideal, it’s worth noting that if needed, a controller can also do an accountant’s job, such as close the books.
Our controller-led team will deliver the day-to-day accounting and bookkeeping tasks and add to that the internal controls, sophisticated reporting, and process expertise that will help you sleep well at night and put you in a position for success.
Plus, when your needs require a cost-effective pathway to receiving fractional CFO-level guidance on a project or ongoing basis, we are accustomed to managing that progression and we’ll work together to develop a roadmap that addresses your needs and meets your budget.
Does This Sounds Like You?
- Your Reporting is not helping you make business decisions
- Often a times you find errors in books.
- The time spent on monthly close is beyond your understanding.
- You are getting a superficial view of your finances.
- Your financial systems are not growing as your business is growing.
- Your financial team is not able to answer your questions related to financials well.
How We’ll Do it For You
Reviewing day to day financial operations
Our controllers will track the financial activity on a daily basis and ensure the accuracy of accounting treatment along with advice on how to best handle them. They will act as a balancer in your finance department.
Month End Closings
Controllers help to close the books within a deadline and here we contribute by creating detailed checklists with timeline, budgeted hours & responsible person.
Missed deadlines are costly for any business as it does not give sufficient time for the management to respond to the latest information about their business.
Internal Controls & Procedures
Every system has an inherent entropy. A controller works to build processes & systems for accounting, bookkeeping, and reporting, so that this entropy is kept under check and the controls are being built to consistently check the accuracy of data. The controls and procedures must be dynamic, responding to the changing dynamics of the business.
Compliance & Doc management
Every finance department should know tax and financial compliance requirements & implications inside and out. Our Controllers ensure that your company follows defined processes for keeping track of revenue, expenses, assets, and liabilities, so you stay in compliance.
Reporting Package
We build customized dashboards and reporting package for your business depending on your business KPIs and industry. The reporting package contains commentary on financials and includes industry wide benchmarking. The reporting contents are reviewed every month so as to retain the relevance of reports.
Budgetary Controls
Our Controllers will make sure that every financial transaction is happening as per our budgetary guidelines. Any deviation from the plan shall be reported and scrutinized into “Why” & “How to control in future”.
Client Procedure Manual
We focus a lot on the systems and processes. We have a 100+ points process checklist with documentations on every process ranging from your customer communication to the year end tax adjustments. This procedure manual has been developed after years of experience and continuously evolving tools and processes.
Get Ready to Control your Business Finances!
Our Controller team will work alongside you to ensure you get the maximum transparency in your business finances.
Understand & control your cash flows
We help you understand what drives your cashflow fluctuations, how you can control & whats the future looks like with that cashflow.
Define Problems and their practical solutions
Our experienced accountants use data backed approach to identify the problems & help you find the practical solutions suitable to your business and situations
Control Costs & Increase Profits
Controlling costs is not as simple as reducing purchases or purchase prices. It needs logical assumptions and calculations, that is where we come in.
Review and control your Business KPIs
Sales is not the only Performance indicator. We can identify more than 50 performance indicators & suggest how to keep them under control.
Automate Manual Tasks
Controllers spot out the inefficiencies in the current process and automate as much as possible to reduce the time for month closing and reduce chances of errors as well.
Avoid Financial Disasters & Debt traps
Make business decisions which do not put your business in danger. Overstocking at possible slow season or taking too much debt at incorrect time can put your hard work in danger.
Free up Existing CFO to focus on high value tasks
Do not let your costly resources to be engaged in controller level activities. Utilize your CFO to their maximum potential by focussing on their core duties.
Optimize CPA fees to cleanup books
Do not pay your pricey CPA for the year end cleanups. The cleanups can take several hours and will eventually be costlier than having a controller manage it for you through out the year.
Seamlessly perform the Month End Closings
Do not let the monthly closings delayed by unforeseen events. Our controllers take into account for every variable and respond accordingly based on their experience.
Customer Testimonials
Since working with Ledger labs, our bookkeeping and Controller processes are streamlined. The routine accounting tasks are managed on a predictable schedule and checklists are used to insure that all required documents are processed within the proper deadlines. We have improved the accuracy and timeliness of our financial statements and other crucial accounting functions at a lower cost than what was being paid to employees.
We have a unique business and almost all the accounting firms we have engaged so far have not been able to get a hold of our business. But Ledger Labs really took the bull by its horn. They understood our business better than us & created a very customized process & systems to streamline our accounting department. We now have detailed step-by-step process documentation, checklists & schedule of reports. Now that mess in the finances is sorted, I can see my business financials every week and the reporting provided helps me take business decisions without digging too deep.
My main problem always has been to know my accurate profits & this is precisely what ledger labs helped me with. They went through my entire supply chain costs, my monthly operational expenses, and COGS and got me the correct costing of my goods and the cost of running the business. Now I know how much I need to sell & at what price I should sell it to be profitable.
We have been aggressively growing.
They always have out-of-the-box solutions & don’t rely on conventional approach or give us standard solutions. They always keep our business & process in centre before advising a solution.
Technology Partners
Our Thought Leadership
Revenue Recognition NetSuite: Everything You Need to Know Before Installing
NetSuite Accounts Payable: Things You Should Know Before Setting Up
Bank Reconciliation NetSuite: A Detailed Guide
Top NetSuite Solution Companies: What to Expect?
Microsoft Dynamics vs NetSuite: The Complete Guide
Intacct vs NetSuite: The Complete and Thorough Comparison
Acumatica VS NetSuite: The Differential Guide
NetSuite Demand Planning: Characteristics, Advantages, Price, and More
POS NetSuite Integration: A Detailed Overview
NetSuite Planning and Budgeting: Definition, Features, Benefits, and More
Frequently Asked Questions
1. What is a Controller?
A controller is an employee or a part of the high-level personnel of any organization that takes care of all the accounting functions of the same. They may also be known as a Chief Financial Officers (CFO). A controller will take care of the health of the company and keep an eye on cash, liabilities, assets, expenses, and other related matters and attributes of an organization to deliver the best services.
2. Generally, How much does a controller cost?
If you are going for an in-house or full-time controller, then research shows that the annual cost of such an employee ranges between $70K to $160K. However, if you go for an outsourced controller like those at Ledger Labs, you can get the same and, at times, even better services at a fraction of this enormous cost.
3. My business is very complex. How will you be able to understand the work we do and quickly start helping?
This is one of the most commonly asked questions. We take pride in our team and its members as we hire only reputed, knowledgeable, well-experienced controllers and CFOs at Ledger Labs. This personnel has a wide range of experience working with different types of industries. We will assign a team of the perfect and most reliable experts for your project who will understand the in-depth performance and working of your business to offer the best services. These experts have knowledge about how a particular industry works and hence, will try to contemplate your business’s working only.
4. How do I know that my information is secure?
As long as you are in the hands of Ledger Labs, your data is safe with us. We take utmost care in securing sensitive data with the clients. Hence, following up on the same, we store your information using multi-level data centers only. Additionally, we also upload the data after encryption to your private server and portal as well. If you need to access this information, you will need to clear a two-factor identification and authentication procedure. We always conduct an extensive background and experience check before n-boarding any employee at Ledger Labs. Hence, you can be completely worry-free about security.
5. How can I get started?
It’s very easy to get started with Ledger Labs. All you need to do is click on the Schedule a Free Call button present at the top of the page, fill out the form, and connect with us.
6. Can i sign up for just controller service or does it have to be the complete finance function?
Yes, you can hire just the controller with Ledger Labs. However, as the services of a controller are related to accounts, it’s recommended that you consider hiring bookkeepers and accountants as well.
7. How can I connect with my online controller?
You can connect with the controller assigned to you using phone, emails, audio calls, texts, online conferences, and various other techniques and platforms like Skype and Google Meet. The mode of communication utterly depends on your requirements and demands.
8. Can I end the contract in between?
Normally, we do not get such requests to cancel or hamper the contract in between. However, if you do decide to breach the contract and end the services, you can do the same via email.
9. How long will the onboarding process take?
The complete tenure of the onboarding process is affected by the complexity and type of your business. Generally, this time ranges between 30 to 90 days.
10. Why doesn’t my Controller do all these services you mentioned?
The “controller” you have employed, may not be an actual controller with all the powers. A lot of cases have come up where an organization hires a “controller” for their business operations. However, this “controller” can not conduct the actual jobs of a controller and hence end-up taking care of small requirements like bookkeeping and accounting. An actual controller has to take care of tasks beyond this domain like budgeting, financial analysis, and planning of the cash flow, to name a few.
11. Can you manage an outsourced project with 100+ employees for us?
We and the team members present at LedgerLabs, have years of experience managing and controlling the business operations of a lot of businesses from various industries. Whether it is the requirement of a CFO or VD, we have taken care of all the requirements of the clients in the past. So, yes, we can easily manage an outsourced project for you dealing with n number of employees for you. We and our team will be in constant communication with you to know about and meet your new and previous requirements.
12. We are geographically in many cities, how can we outsource to you?
As stated earlier, to communicate with us and the controller, you can take the help of various modes of communication. So, to sum up, you can easily outsource to us any type of business requirement and we will be in constant touch with you as and when deemed. Additionally, we have handled a lot of businesses in the past via outsourcing as well hence, it’s nothing but a piece of cake for our experts. We will deliver the best outsourcing services to you even if we are working after outsourcing.
13. Can I sign up for a single module or does it have to be the complete finance function?
Yes, you can hire any single module or package as per your requirements. We are quite flexible in our services. However, we recommend that you take the help of other services as well so that the complete function can run smoothly without any glitches and bumps down the road. As all the financial statements and accounts are related to one another, it’s best to use unified services in the whole finance domain.
14. How “big” must my business be for Controllers on Demand?
Generally, a controller is responsible for managing the business requirements of a 7-figure or 8-figure revenue-generating organization. However, in some exceptional cases, even a smaller organization may seek a controller to grow. If you are one such business, we can help you.