Tipping points in small businesses that indicate the need for extra help…
A business owner’s biggest strength is running their business and often a lack of time and/or qualified personnel can be detrimental to the accounting and bookkeeping tasks; hindering your company’s ability to grow. While these challenges are understandable, there comes a time when a business grows to the point at which utilizing a Virtual Controller or even outsourcing some of your businesses’ accounting function becomes necessary.
An important internal tipping point is when information to help make timely and important business decisions is not being prepared. Business owners make decisions at the pace of the business and must be able to rely on the accurate and timely information provided by a Virtual Controller. McConnell & Jones’ higher-level accounting assistance to businesses is designed to help owners make timely assessments.
Mergers and Acquisitions
As you approach a merger or acquisition, a Virtual Controller can ensure that you have accurate and trusted information available throughout the transaction. With trusted financials, the value of your company increases, and large transactions related to your business can run smoothly. A Virtual Controller can address risks with a clear strategy; ultimately achieving more value from your deal.
Complex Financial Needs
In many small- to medium-sized companies, the Controller is responsible for the interpretation of the results, cost control measures, capital acquisition, and forward-thinking due to economic, industry, tax, government regulation and social issues. The Controller must also be critical of the banking relationship – there can be no slip-ups. Having a Virtual Controller in place can help a business owner stay on top of any potential challenges and provide you with the right insight.
Let McConnell & Jones Help with Your Outsourcing Decisions
At McConnell & Jones, we strive to become your company’s trusted advisor. Utilizing the latest technology and cloud-based tools, our professionals are positioned to help you achieve your organization’s accounting and finance goals.
Dee Ann Creach serves as a tax planning and compliance expert for McConnell & Jones where she leads the preparation of hundreds of tax returns. With more than 30 years of experience, clients value the ability to tap into Dee Ann’s extensive experience in public accounting—which, in addition to income tax services, includes financial consultative services. Connect with Deeann on LinkedIn.