What Does a Financial Controller Do?

Most businesses need a financial controller to focus only on the finances and oversee the preparation of important reports such as income statements and balance sheets. A financial controller can be the head of accounting in-house, or they can be outsourced at a professional accountant Kent firm.

A financial controller offers support and completes tasks such as:

  • Planning tax payments such as duties and VAT
  • Analysis of the books
  • Reporting to the management
  • Forecasting cash flow
  • Assess and improve the company finances report system
  • Put together the monthly accounting
  • Monitoring the performance of the accounting department
  • Lower the risk of error and loss
  • Organise loans, fund raising and investment
  • Asset and property purchase and leasing
  • National and international expansion
  • Auditing and surveys
  • Arrange bonus plans and share schemes
  • Changing and improving accounting systems and software
  • Acquisitions and disposals
  • Valuations of the business and other businesses

There can be many more jobs for a financial controller depending on the size and type of company. They should generally be overseeing the accounting department and making sure everything runs smoothly and precisely without error. A financial controller, no matter if they are in-house or outsourced, will be responsible for managing the finances of a business, will have to join in on meetings, and depending on the success of the company, may have to make some difficult decisions at some point.

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