What is a Controller and Do I Need One?
We get asked this a lot so we wanted to give you the 411. The information below is based on our experience in the small/medium sized business market.
What does a Controller cover?
Day to Day Accounting Operations
Month End Close and Financial Statements
Financial Integrity and Compliance
Facilitation of CPA Audit and Tax Filings
Government Filings
Budget and Cost Analysis
Due Diligence Support
Accounting/Administration Team Management
Benefits Support or Management
Payroll Execution or Support
Banking and Reconciliations
Full Time Salary: ~$85K-$175K
Hourly: $75-$200/hour
What is a Comptroller?
Same as Controller, just generally in a government or non-profit institution
What does a Bookkeeper or Staff Accountant cover?
Scanning and Filing
Data Entry or Review of OCR/Automated Bill Entry
Vendor Balance Reconciliations
Customer Invoicing and Contract management
Employee Onboard and Payroll Support
Support of Controller and CFO tasks
Full Time Salary: ~$45K to $85K per year
Hourly $25-$80/hour
What does a CFO cover?
(Not E-Squared’s preferred focus)
High level Strategy
Equity and Financing Facilities
Models and Forecasts
Management Team Interaction/Planning
Investor Relations and Board Meetings
Risk Management
Mergers, Exits, IPOs
Full Time Salary: ~$150K to $300K per year
Hourly: $150-$350/hour
Informative Websites:
Accounting Coach https://www.accountingcoach.com/bookkeeping/explanation
Investopedia https://www.investopedia.com/terms/e/ebitda.asp
Robert Half Salary Guide https://www.roberthalf.com/salary-guide
Techcrunch: https://techcrunch.com/startups/
Business Insider: https://www.businessinsider.com/differences-between-cfo-and-controller-2015-11
Take Command Blog https://www.takecommandhealth.com/blog