10 Reasons to Hire a Part-Time Controller/CFO

  1. You are NOT an accountant and don't want to be!  Somebody has to do the finances - let it be someone who has the skill, background and insight with numbers!  Why leave it to chance?
  2. Your bookkeeper is great at paying the bills but not so great at understanding financial reports.  This leaves a really large gap in many businesses.  Somebody needs the ability to make sense of the numbers.  Otherwise, you are on a journey without a map.
  3. You continually have to wait on your CPA to prepare your financial reports quarterly.  If this describes your business, you're missing out in a big way.  In fact, you're missing out 8 times as you should be getting your financial reports on a MONTHLY basis.  With today's accounting software, there is no reason this can't be done.
  4. You may be a victim and not even know it!  Unsupervised bookkeepers are running rampant in small businesses today.  Having no supervision or controls is a prescription for disaster and possibly even theft!  Skeptical?  Do a Google search on "bookkeeping theft news" - you won't be skeptical for long.
  5. You're running a business, not a hobby.  Pulling your information out of a shoebox for your accountant is okay for a hobby, not a real business.  With the right systems in place, you can get the financial information when you need it - not just on April 15th.
  6. Your tax preparer is great at tax issues, but doesn't understand job costs, profit margins and cash flow.  There isn't a rule that says you have to rely on just your tax CPA for all of your accounting and business financial needs.  Cash flow and profit margins are the lifeblood of your business.  Working with a profit specialist can provide this critical insight while your tax CPA does what they do best.
  7. You can't give your financial statements to your banker on a napkin.  If you want your business to grow, you'll have to be ready for your banker at some time.  Sorry to say, they don't look kindly to hand-written statements or even worse, incorrect statements that pop out of Peachtree or QuickBooks.
  8. Your "system" of monitoring overdue customers is severely lacking.  Every dollar you have in outstanding customer receivables is a dollar that isn't working hard in your business.  It's critical to have a solid system of collection policies and procedures in place.
  9. You are trying to build an exit strategy.  Buyers will want to see multiple years of accurate, reliable financial statements from owners who are thinking of selling.  Getting statements in order isn't something that happens overnight.
  10. You may be sitting on tax time bombs.  There is nothing worse than seeing a letter from the IRS that says you owe back taxes, penalties and interest.

Quality Accounting, Taxes, and Payroll
Voted Best CPA in Canton and Woodstock for 2015 and 2016
Contact and Address information

Jeffrey L Jackson CPA LLC
515 Autumn Walk
Canton, GA 30114
Voice: (678) 919-1250
Fax: (678) 919-1062
Regular Hours: Mon-Fri 9am-6pm
Tax Season Hours: Mon-Sat 9am-8pm
By Appointment Only
www.jjacksoncpa.com