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Posted on 7/13/21 at 12:00 pm to Shellbeacher
Shellbeacher@yahoo.com
Posted on 7/13/21 at 12:03 pm to BottomlandBrew
This sounds similar to how we operate. We have a payroll company, and a CPA to do our taxes. Who does the banking? Who does the sales tax withholding as you’re invoicing?
Posted on 7/13/21 at 12:23 pm to Shellbeacher
Basic day to day banking is done by the AR/AP ladies. Monthly/Qaurterly/Yearly reporting and more specialized banking tasks and conversations are handled by the CFO. AR handles sales tax. AP handles use tax. Quickbooks is the backbone. Don't ask me what version, because I don't know.
Posted on 7/13/21 at 5:39 pm to Shellbeacher
I’ll Shoot you an email
This post was edited on 7/13/21 at 5:41 pm
Posted on 7/13/21 at 7:31 pm to Shellbeacher
quote:
This sounds similar to how we operate. We have a payroll company, and a CPA to do our taxes. Who does the banking? Who does the sales tax withholding as you’re invoicing?
It sounds like you need a good staff accountant. I don’t know where all these guys are, but there’s plenty of accountants out there that aren’t looking to go CPA or whatever and you can pay well under 6 figures, $60,000-80,000. I’m not saying these are top line candidates but they can get the job you were asking for done.
I’m have a small business and I just hired a staff accountant and she does all of my book keeping, accounting, sales tax, AR, AP, and is going to take over my payroll soon. She is also working on budgeting and projections.
You could hire this person all day long in Louisiana for $75,000-90,000 and then pay a CPA firm to consult you on some harder tasks and be well under $10,000. Or figure out some other method to complete the more difficult accounting and financials.
I think you really need to organize your book keeping and pay book keepers, then figure out what you need from there.
This post was edited on 7/13/21 at 7:34 pm
Posted on 7/13/21 at 9:52 pm to Shellbeacher
As others have said, it doesn't sound like you need a controller per se. I'm not sure what your sales and A/P volume is either. You could probably pull a CPA from a smaller local firm that's tired of public accounting and pay them in the 80 range and call them a Acct Manager.
Posted on 7/13/21 at 10:00 pm to Shellbeacher
Also,have you thought about using a recruiter? We used one to find our current controller and he has been a godsend worth his weight in gold. She can tell you more about salary expectations etc.
Posted on 7/13/21 at 10:05 pm to ODP
quote:
As others have said, it doesn't sound like you need a controller per se. I'm not sure what your sales and A/P volume is either. You could probably pull a CPA from a smaller local firm that's tired of public accounting and pay them in the 80 range and call them a Acct Manager.
This
Might go smaller/ regional CPA vs Big 4 will understand all the hats they need to wear
Posted on 7/14/21 at 6:59 am to thelawnwranglers
The main reason you need don’t want to hire someone to do the simple tasks and overpay them, is someone overqualified isn’t going to want to do all that data entry. Pay someone $20/ hour to handle all of your basic book keeping needs, then pay someone better to do your financials, planning, and office management type of stuff.
Posted on 7/14/21 at 7:15 am to Shellbeacher
You get what you pay for. Also remember pay isn't the only factor, but it's a major contributor to getting an employee to stick around. Low ball them and you'll likely be looking again in the next year or so. Constant turnover and training is an expense. Idk what your business model is or if you're going to do this, but it drives me crazy when I see employers underpay employees then bitch because they have constant turnover. Culture matters too, but that's a different subject for another day.
Posted on 7/14/21 at 9:58 pm to Shellbeacher
Curious as to what industry. I’m a controller and CPA. Based on what you’re describing as far as size and duties, I definitely agree that you can get someone in at the $75-$85k range + benefits. Not sure the type of person you’re looking for but an older person, comfortable with their career would be my go-to. Bringing in a young, hungry person at $100k+ might get bored easily and leave in a couple years and you’re back to square one. Just my two cents. Good luck
Posted on 7/15/21 at 9:49 am to Bayou_Bengals69
We do repairs and new sales for a specific item in chemical plants. All work is done in our shop. No field work.
We have done a few interviews with people looking for $100-125k salary. However, these people are accustomed to handling Controller duties for a company that does 5x-30x our revenue.
We have done a few interviews with people looking for $100-125k salary. However, these people are accustomed to handling Controller duties for a company that does 5x-30x our revenue.
Posted on 7/15/21 at 10:17 am to Shellbeacher
What is your revenue? You gotta weigh how much a crap one will cost you. I know, I do my own, I know how much I cost us every month.
Posted on 7/15/21 at 10:25 am to Shellbeacher
quote:
We have done a few interviews with people looking for $100-125k salary.
Who are you interviewing? You will make this by 30 at a Big 4 firm and probably not long after at a smaller firm and that's not even necessarily CPAs
Posted on 7/15/21 at 11:44 am to BottomlandBrew
quote:
We have two full-time ladies that handle AP/AR. Payroll is by an outside company. Taxes are handled by an outside company. We have a part-time CFO that comes in two days a week and does the more complex financial tasks and planning. He's great. We don't need any more of his time, and it keeps our costs down. He is about 2-3 years away from retirement, at which point we'll be big enough to need a full-time CFO.
More people involved but he probably needs to follow this model. Small businesses need efficiency imo
Posted on 7/15/21 at 12:35 pm to Shellbeacher
quote:Unfortunately that wont change their job duties a whole bunch. But if you hire cheap, they will cost you or they wont...and they will leave you.
However, these people are accustomed to handling Controller duties for a company that does 5x-30x our revenue.
Posted on 7/15/21 at 1:18 pm to Shellbeacher
When I started with my current employer we have 15 employess, and accountant and AP/AR person. We now have 50 employees, and 6 accountants and 2 other clerks. Seems like a lot. 
Posted on 7/15/21 at 1:48 pm to Mingo Was His NameO
quote:
You will make this by 30 at a Big 4 firm and probably not long after at a smaller firm and that's not even necessarily CPAs
Sure, working shite hours, traveling, etc.
I love how everyone thinks that everyone in the country has to pay 6 figures to get someone half way decent.
There's absolutely 0 reason to be paying anywhere close to 6 figures for someone to A/R, A/P, basic accounting like reconciling, filing taxes, etc. This is all book keeping grunt work and you can pay someone all day long $50,000 or less for this. More if you want someone great, but you are looking at a housewife most likely that would prefer a great work life balance.
OP needs to figure out the duties he needs to pay well for, so far he hasn't listed for many.
That's the problem though OP, is as said the $100,000 guys aren't doing basic data entry. They are doing more analysis and reports.
Posted on 7/15/21 at 1:51 pm to baldona
quote:
I love how everyone thinks that everyone in the country has to pay 6 figures to get someone half way decent.
That's why I asked who he's interviewing cock sucker. Is he interviewing a CPA with 8 years experience at P&N or someone with 5 years experience in industry with no CPA.
quote:
There's absolutely 0 reason to be paying anywhere close to 6 figures for someone to A/R, A/P, basic accounting like reconciling, filing taxes, etc
That's not a controller
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