Los Angeles, California, is a popular destination for tourists and enterprises, thanks to its remarkable attractions such as the Griffith Observatory, the vibrant Hollywood Walk of Fame, and the lively Venice Beach Boardwalk.
If you are a Chief Financial Officer (CFO) who feels stressed out by your financial responsibilities, you are not alone. Many Los Angeles business owners and managers struggle with managing their company’s financials, especially if they have other roles to play. That’s why we offer outsourced controller services to help you with your financial needs.
How Fractional CFOs and Fractional Controller Services Differ
One of the main tasks of a fractional CFO is to handle your financial activities, such as managing the cash flow, planning the finances, and evaluating the financial advantages and risks of your company. A fractional controller, meanwhile, supervises the accounting team, making sure that the key financial reports like balance sheets and income statements are correctly prepared.
Our Los Angeles, CA, Fractional Controller Services
If you need a fractional controller to handle your finance and accounting tasks without breaking the bank, Master Accounting is the right choice for you. We have a team of fractional controllers who work as an extension of your company, adopting your identity and culture. This way, you get consistent and reliable financial management, without the hassle of dealing with multiple accounting and finance providers.
Our fractional controllers are not just bookkeepers, they are also strategic advisors who can help you plan and grow your business. They have a wealth of experience in various sectors and can tap into our network of specialists to address your unique challenges and goals. Finding a qualified controller in today’s market can be difficult and expensive, but with our fractional controller services, you get a flexible and affordable alternative that supports your company’s success.
Some of the key services we offer as part of our fractional controller services are:
- Guidance and Planning: Get a clear picture of your business’s performance so you can make the best decisions. Our team provides due diligence for a reliable understanding of your financial situation as well as fixed asset tracking for better strategic decisions.
- Processing of Accounts Payable / Accounts Receivable: We take care of your cash receipts and cash disbursements processing, including payments, bills, invoices, account updates, and reporting.
- Budgeting Assistance: Our budgeting experts review your expenses, help you establish shrewd financial goals, project your financial resources, and advise you on adjustments you’ll want to make to enhance your financial outlook.
- Financial Statement Preparation and Analysis: We prepare precise financial statements, such as income statements, statements of retained earnings, balance sheets, and statements of cash flows. We can also perform an analysis of your financial statements and help with filing quarterly and year-end statements.
- Regulatory and Industry Compliance: Our compliance experts assess your financial procedures and policies to keep you compliant with state and local accounting requirements and industry-specific guidelines. We also assist with the implementation of new accounting principles and other fiscal regulations.
- Compilation Services: We organize schedules and supporting documentation in a financial statement format for lenders, auditors, and tax preparers.
Benefits of Partnering with Master Accounting for your Fractional Controller Services
Some of the advantages of outsourcing your controller services to Master Accounting are:
Saved Costs: Save money by avoiding hiring a full-time CFO or controller, which can be expensive for small to mid-sized businesses. Our fractional controller services offer the same expertise at a lower cost, allowing you to use your financial resources more effectively.
Lowered Risk of Turnover: No need to worry about replacing or training accounting, controller, or bookkeeping staff. Our outsourced controller services give you access to a dedicated team that can handle your financial needs.
Enhanced Privacy: Protect your financial information from unauthorized access by working with us. Our company follows strict confidentiality standards, minimizing the risk of data breaches.
Prevented Disruptions: Prevent interruptions caused by a single point of failure. If your controller or accounting staff is out of office, we take over to ensure a smooth continuation of your financial operations.
Master Accounting: Fractional Controller Services in Los Angeles, CA
If you need professional fractional controller services in Los Angeles, California, look no further than Master Accounting. We have been serving businesses like yours since 2004 and have an A+ rating from the Better Business Bureau.
We can take care of your financial management tasks while you concentrate on growing your business with confidence. Contact us today to find out more about how we can help.