A Controller ensures all of the accounting functions are executed appropriately, including all of the bookkeeping tasks of Accounts Payable, Accounts Receivable, and Payroll. In addition, the Controller makes sure that all of the accounting systems are working properly. The software must be set up correctly and the data entered accurately and in a timely manner.
Assuring that the monthly financials are complete and accurate, the Controller finalizes all reconciliations and reviews accounts. Also, the Balance Sheet and Profit and Loss Statement are examined for accuracy.
Financial management of a company requires many reports which provide various types of information. The Controller makes sure that the ongoing management reports such as Accounts Receivable aging report, Accounts Payable aging report, and consolidated financial statements are completed.
In addition, the Controller assists management with reports to help make short-term and long-term business decisions. With Budget reports, the company is able to determine if it is meeting its goals. A Cash Flow report aids in forecasting available funds. Various Sales reports help determine key areas of profitability.
The most important role of the Controller is to be responsible for the accuracy and timeliness of your company's financial information.
