In the current labor market, it can be difficult, time consuming and expensive to staff accounting positions within an organization. The need may result from temporary leaves of absence or a sudden termination of move by an existing employee.  Accountants are increasingly in demand and salaries have increased drastically in recent years. Employee benefits can also become costly. The cost of hiring a full-time Controller can range from $60,000 to over $100,000 per year plus bonuses and benefits. To further complicate this process, it can often prove difficult to find the right “fit” for a business office’s culture.

Steven H. Mangan, CPA, LLC's virtual controller service is designed for companies interested in obtaining financial oversight and structure, or enhancing their existing financial team. We work with the client’s staff to ensure that all required systems and procedures are properly established and implemented, as well as to ensure that financial records are accurately maintained.

The exclusive virtual controller service provides our clients with the assurance and comfort of knowing that a second set of eyes is overseeing their financial records maintenance and reporting, all at an affordable fee. This service does not necessarily replace your existing bookkeeping staff. It merely supplements what they do and frees their time to focus more on the day-to-day financial and administrative processing functions. We. tailor the controllership plan to work with each client and provides the requisite guidance, support and expertise unique to each client's needs.

For more information or a request for proposal, please email us or call 952-855-1111.

• More time to focus on new services, new customers and other core business issues.

• Better understanding of the financial side of your business. So you have less surprises and more control over the money.

• Improved decision-making capabilities from clearly seeing the hard and true numbers of your business.

• A readily available sounding board to help you with those tough business decisions and help you clarify your business plans.

• The comfort from knowing that a professional is overseeing, protecting and constantly improving the financial side of your business.

• A professional who establishes strong financial controls in your business to reduce employee theft and increase profits.

• Training and managing your accounting staff.

• Improved quality and timeliness of financial information.

• Budget preparation and monitoring.

• Profitability analysis by service or product line.

• Tax saving strategies.

• Trend analysis.

• Assistance in defining long-range plans and the quantification of goals.

• Cash management.

• Liaison with bankers, attorneys, vendors, insurance agents, etc.

• Assistance in obtaining financing from banks, including assistance with negotiations.

• Review/negotiation of insurance policies.

• Development of company accounting procedure manuals.

• Analysis of equipment purchases, expansions, etc.

• Mergers and acquisitions assistance

• Custom designed collection policies and procedures