Fractional Controller


Does My Business Need a Fractional Controller?

A financial controller is a senior-level executive who acts as the head of the accounting department. Our job is to manage accounting teams, ensure that the books are in proper order, and report directly to the CFO. If a company does not yet have a CFO, the right controller can take the helm of financial planning and analysis.  

A fractional controller handles all the duties of a full-time controller, except we do so remotely on a part-time or as-needed basis. 

As a high-level supervisor, our role goes far beyond data entry and basic accounting tasks. We make sure that all accounting processes are done properly—that means fast, accurate, and efficient. 

What Is Your Level of Business Maturity?   

Ultimately, the debate starts and ends with a simple question: will the fractional controller provide enough value to justify hiring them?  

You probably do not have enough work to employ a full-time controller. Most businesses will not hire one in-house until they reach the $10 million revenue mark. But a part-time controller model accelerates the hiring process, allowing a company to benefit from their services at a much earlier point. 

Are You Required to Adhere to GAAP? 

Generally Accepted Accounting Principles (GAAP) are a set of rules that serve as the foundation for business accounting methods and processes. They have become the standard practice for the U.S. Securities and Exchange Commission (SEC). As such, publicly traded and regulated companies are expected to practice GAAP. 

Even if you are not yet legally required to abide by GAAP, doing so is important since it can help you:

A part-time financial controller can guide your organization as it adopts and applies the 10 GAAP principles.

Do You Need Bookkeeper Supervision? 

Do you lack the time or know-how to monitor the business’ bookkeeping activities? Are problems within your existing accounting department building up? 

Even if you have an accounting team running, they may not be organized and managed as efficiently as you would like. 

A fractional controller can attend to the company’s daily financial minutiae. In that supervisory booking role, we can not only ensure that books are done in a timely and accurate manner, but also implement department-wide accounting tactics that will further optimize internal processes—making them faster, more accurate, and more reliable.   

If the books are inaccurate, a fractional controller can analyze the data to identify the root cause or develop a solution to correct the problem. 

Are You Being Audited? 

Audits are an unfortunate reality of doing business. You may not like them, but you had better be prepared for them. 

A fractional controller can take some of the stress out of an audit. 

One of our daily duties is to ensure compliance with federal, state, and local government reporting requirements and tax filings. We will take charge of conducting internal audits and provide the expert support you need during an external audit. 

Does Your CFO Need Support? 

Have you hired a full-time or fractional CFO? 

If so, hiring a fractional controller to act as their counterpart could split up the workload and add further internal efficiencies to your financial and accounting departments. This would allow the CFO to focus on financial forecasting and analysis and the controller to focus on keeping the accounting team performing at peak efficiency.

We Can Help

If you need help with bookkeeping and accounting department oversight, a fractional controller could propel your business forward into the future.

That’s where we come in.

At Pacioli Finance, we offer fractional controller services to growing businesses. Whether you need help with financial statement preparation, accounting system implementation and integration, or accounting management, our best-in-class controllers have the tools and experience you need to navigate your scale.