Services

 

What is fractional controllership?

Generally, a controller is responsible for the financial operations at a company. This is different from a bookkeeper who primarily deals with recording backward-looking financial transactions. This is also different from the external accounting firm that prepares a company’s yearly tax filings. A controller’s job is to serve the on-going and forward-looking needs of the business.

At TechPaper, we think of controllership as a combination of:

  • fulfilling day-to-day financial operations such as invoicing, payroll, bill payment, bookkeeping and tax payments

  • analyzing past financial transactions to improve efficiency and inform decision-making, and

  • developing forward-looking financials such as budgets, financing options and cash flow forecasts to get an idea of where the business could grow or stabilize, and what resources would be required.

The fractional component of this means that clients who could use the services of a controller on a part-time basis can get access to one.

What does analysis of past financial transactions cover?

This work includes profitability analyses, efficiency analyses (how effectively the company uses its assets and liabilities), cash flow analysis, budget variance and product costing. There will be a unique set of analyses that work for your company depending on what makes sense to measure to reach your goals.

Preparing analytical reports for management is where accounting shifts from financial to managerial. We ❤ managerial accounting at TechPaper! This is where your business benefits most from the controller-level services. We can choose or design any metric that works for your company’s goals and track it to measure effects of internal and external changes. In other words, we can help you define your business’ financial goals, make a plan to achieve them and then track your progress.

Other Services

We can also work on special projects with clients. Some examples of these are:

  • accounting software change

  • accounting software training

  • payroll system setup / migration

  • SR&ED return claims

  • due diligence document preparation

TechPaper Solutions Inc. offers Fractional Controllership services to Canadian businesses.