the challenge
Many small business owners attempt to wear all the hats in their company, acting as bookkeeper and controller, and end up spreading themselves too thin. Some small business owners do not even have a controller, and the lack of higher level review is detrimental to the business’ success. At the same time, many medium-large business owners don’t realize that supplementing or outsourcing this role to a firm like Bandicoot can significantly increase productivity and streamline its business operations. As a result, many business owners become bogged down in the minutia of their company’s bookkeeping needs, caught in an endless loop.
the workflow
The first step in determining effective accounting solutions is determining precisely what the client needs. Some small business owners do not need a controller, but are in desperate need of a bookkeeper. Some medium businesses are unaware of the value of a controller. And some large businesses could drastically increase productivity by supplementing or outsourcing their controller/bookkeeper role to a firm like Bandicoot.
in conclusion
Bandicoot has tailored our approach to all of our clients to optimize our clients’ success. First, we work with you to learn your current process and needs. If our client desires, we can also analyze how to optimize their back office operations.
The first step to finding effective accounting solutions for your business is determining precisely what you need. If you don’t know that, it’s impossible to make the kinds of financial decisions that will impact the growth of your company. So how do you know if you need a bookkeeper or an accounting controller? Here are a few details to help you sort that out.
