Financial Controller

As your business grows it becomes more complex in many different ways. One of the things we find in many businesses we work with is the requirement for a rounder set of commercial financial skills that go beyond what you would expect from a bookkeeper. We offer a financial controller service primarily aimed at more complex and higher turnover businesses.

Does my business need a financial controller?

Typically a financial controller will work alongside your internal finance team or will be provided in addition to our bookkeeping service should you have that option. Typically part time to begin with the financial controller’s role is to oversee the entire finance function in your business. They become one of the main points of contact between your business and the bank as well as covering the compliance aspects of HMRC. A financial controller also liaises and owns the relationship with the external auditor and accountant.

A key part of your management team

The most important aspect of a financial controller though is that they are a key part of the businesses’ management team. They work on the business with the owners providing detailed management information on a regular basis. This information can include any or all of the following:

• Monthly Management Accounts and reporting pack.
• Monitoring of Key Performance Indicators (KPI’s) on a regular basis.
• Cashflow – Ensuring the effective control of creditors and debtors and the impact on working capital requirements.
• Budgeting & Forecasting.
• Cost Control – Maintaining a focus on ensuring costs within the business are constantly scrutinised.