Outsourced Controller Services
Keeping track of finances gets complicated fast. Payroll, reconciliations, reporting—it piles up. KatzAbosch’s outsourced controller services help businesses strengthen accounting oversight and produce dependable financial reports. We work alongside your team to manage the close, review account balances, resolve accounting issues, and improve internal controls.
Whether growth has outpaced your accounting processes or your staff needs experienced guidance, we help establish clear responsibilities and consistent procedures. You gain a better understanding of your financial results and the accounting support needed to keep reporting on track.
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What Our Outsourced Controller Services Include
Monthly Close and Financial Reporting
We establish close schedules, review adjusting entries, and prepare or oversee financial statements. If reports consistently arrive late, we identify the causes and help your team complete the close more efficiently.
Account Reconciliations and Accounting Review
We review account balances, supporting schedules, and transaction recording. When the general ledger doesn’t match supporting records, we investigate the differences and help resolve outstanding issues.
Internal Controls and Accounting Procedures
We clarify responsibilities, approval requirements, and documentation procedures to strengthen accounting oversight. For example, we can establish separate responsibilities for preparing and approving payments to reduce the risk of errors and unauthorized transactions.
Budget-to-Actual Analysis
We compare financial results with your budget and investigate significant differences. If expenses exceed expectations despite steady revenue, we help identify the causes so your leadership team can determine what needs to change.
Audit Preparation and Coordination
We organize supporting schedules, review documentation, and help coordinate responses to external auditors. Identifying missing information and unresolved accounting issues before fieldwork begins helps your team prepare for the audit.
“The quarterly close and audit support, all handled within a flexible, part-time controller arrangement, has been instrumental to our organization’s accuracy and timeliness in reporting. I recommend KatzAbosch for their operational accounting and advisory knowledge. Their ability to match our pace of growth is invaluable.”
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Frequently Asked Questions
1. What does an outsourced controller do?
An outsourced controller oversees your company’s accounting processes, monthly financial close, and financial reporting. Responsibilities may include reviewing transactions, reconciling accounts, supervising accounting staff, improving internal procedures, and preparing financial statements. While outsourced accounting services can handle daily transactions, an outsourced controller provides oversight to keep your financial records accurate, organized, and useful for decision-making.
2. How do I know if my business needs an outsourced controller?
Your business may need an outsourced controller if financial reports are consistently late, your books require frequent corrections, or your accounting staff can’t keep up with growth. Other signs include difficulty preparing financial statements for lenders, unexpected accounting turnover, or a lack of oversight over daily transactions. An outsourced controller can address these challenges without requiring you to hire a full-time controller.
3. Can an outsourced controller work with my existing accounting team?
Yes. Your in-house accounting staff can continue handling daily transactions, such as accounts payable and accounts receivable, while an outsourced controller oversees their work. This may include reviewing transactions, resolving accounting issues, establishing procedures, and defining approval responsibilities. You can retain your existing employees while gaining experienced financial oversight without hiring a full-time controller.
4. How long does it take to onboard an outsourced controller?
At KatzAbosch, we typically aim to complete onboarding within three to four weeks, depending on your accounting records, existing processes, and responsiveness. We begin by reviewing your current systems, identifying challenges, and determining whether your books need cleanup. Our goal is to understand your business and take responsibility for the next monthly financial close. More complicated accounting issues may require additional time.
5. Can an outsourced controller help if my books are behind or inaccurate?
Yes. An outsourced controller can identify discrepancies, correct accounting errors, and help bring your financial records up to date. At KatzAbosch, we typically begin by reviewing bank statements, credit card statements, and loan records. We also examine accounts receivable and accounts payable to identify outstanding issues. Once your books are organized, ongoing controller oversight can help prevent the same problems from recurring.
6. What financial reports will I receive from an outsourced controller?
Most outsourced controller engagements include monthly financial statements, such as a profit and loss statement and balance sheet. Depending on your needs, reporting may also include cash flow statements, budget-to-actual comparisons, and additional analysis. Your reporting can be tailored to meet the requirements of business owners, lenders, shareholders, or boards of directors.
7. How can an outsourced controller help improve cash flow management?
An outsourced controller helps maintain accurate financial records so you can better understand your company’s cash position. Depending on your needs, services may include cash flow forecasting and planning, sometimes with weekly or more frequent updates. These reports can help you anticipate upcoming expenses, evaluate available cash, and identify potential shortfalls. Consistent oversight can also help you avoid common cash flow mistakes, such as overlooking overdue receivables or upcoming payment obligations.
8. How many accounting professionals will I work with?
KatzAbosch typically assigns at least two professionals to an outsourced accounting and advisory engagement, with larger engagements involving additional team members. This approach provides continuity when someone is unavailable and gives you another knowledgeable contact when questions or time-sensitive issues arise. You won’t have to depend on a single employee to manage your accounting needs.
9. How much do outsourced controller services cost?
The cost of outsourced controller services depends on your company’s size, accounting needs, and complexity. Factors include transaction volume, the number of business entities, reporting requirements, and the amount of manual accounting work involved. For example, a business with straightforward transactions may require less support than one managing multiple entities, complex expense allocations, or extensive financial reporting. KatzAbosch generally uses fixed monthly fees, with separate charges for onboarding or significant bookkeeping cleanup when applicable.
10. Can I outsource controller services without outsourcing all my accounting?
Yes. You don’t need to outsource your entire accounting department to benefit from controller-level support. An outsourced controller can oversee your existing accounting team, handle the monthly financial close, and provide financial reporting while your employees manage day-to-day transactions. If your business also needs financial strategy, budgeting, or growth planning, fractional CFO services can provide additional support. The right combination depends on your existing team’s capabilities and your company’s needs.