Author: Complete Controller

A company’s current financial dashboard must evaluate daily commercial activities regularly. Financial dashboards are sure to assist organizations in getting back on track. It is among the most crucial aspects of any company. Companies can invest in a competent financial management plan in various ways to guarantee they follow strong inventory management industry standards.

Financial management is essential in managing inventory, manufacturing, customer relations, and all other aspects of a company’s operations. It’s all about having the correct products accessible for sale regarding inventory control. Inventory control in real-time might help to streamline the entire process.

Companies can use dashboards to deliver the appropriate product at the right time. It prevents out-of-stock goods and funds from being linked to surplus inventories. Furthermore, inventory management assists your company in ensuring that all items are marketed on time to avoid spoiling. It also resulted in the saving of vast amounts of money.

Benefits of Financial Dashboards

The Financial Dashboard details the net income, including revenues, and other key performance indicators. The operating income, net profit margin, operational cost ratio, and gross profit margin are displayed on each dashboard.

Revenue is calculated when determining the selling price by computing the overall cost of items sold, excluding information such as other taxes and expenses. Dashboards enable firms to track certain operational expenditures regularly on an accrual basis.

Including EBIT or EBIT is one of the most important metrics for these dashboards. Before interest is determined, the dashboard considers all fees and taxes; necessary taxes are added to the total cost to estimate net income.

Dashboard Gross Margin

The gross profit of any firm is crucial in establishing the percentage of total sales and revenue that remains after all actual expenses of goods and services have been deducted. Gross profit can assess how much a company is investing, how much this would spend on research and development, and how effectively this can add to profits.

3 of The Most Significant Financial Dashboards for Your Company

Entrepreneurs are generally preoccupied with day-to-day operations and may lack time to manage their funds. Many financial dashboards are available to assist business owners in properly managing their money. Most dashboards include color graphs and easy-to-read charts. Because they cannot afford to engage a professional accountant to manage their firm finances, the most effective approach for startups is to use an online dashboard to assist them in keeping track of their cash.

Here are a few business dashboards that might help you figure out how to manage your company’s finances.

InDinero

InDinero first opened its doors in 2010. It created this financial dashboard with startups in mind. InDinero analyzes all business transactions, credit card information, and other financial data from your banking history. Business owners don’t need to spend hours entering data. Save your bank and banking details, and activities will be automatically classified. The following are some examples of transactions:

• To promote
• Payroll
• Food and drink
• Another monthly expense
• Accounting report
• Promises a tree

BodeTree

BodeTree is a financial dashboard developed in collaboration with Intuit, the company behind QuickBooks. BodeTree uses QuickBooks for accountancy to analyze financial data differently from others. It’ll need to be linked to a QuickBooks account. Once established, the link classifies and summarizes all operations’ activities and costs.

The BodeTree toolbar is named after the fabled Bodhi tree, which is said to be where the Buddha obtained nirvana. Similarly, the dashboards can calculate company standards based on transaction histories and charges using algorithms.

In 2005, Corelytics introduced its Financial Dashboard. This dashboard functions by importing all the company’s financial data. For financial dashboards, it takes data from various accounting packages, including Sage, PeachTree, MYOB, and QuickBooks, among others. Celtics will begin by classifying each statistic after collecting all the data from each accounting platform. You can track each transaction once these metrics have been created. Here are some indicators:

• Owner Compensation
• Benefits
• Conduct
• Gross Profit
• Income
• Debt on Accounts

You can define targets for each of the above KPIs using financial dashboards. Each parameter is highlighted in a distinct color on the Corelytics financial dashboard. When each metric does not match business criteria, it is indicated by a different color. One of the most valuable dashboards for any organization is this financial dashboard. It includes a mobile app that allows business owners to track activity while on the road and improve invoicing. It also took up the prize for Best Dashboard Showcase.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Get online travel insurance to safeguard you and your loved ones while traveling internationally. Many travel insurance providers now offer Covid-19 medical coverage as part of their packages. But will they be valuable to travelers in light of the new Omicron strain or any other strain that might evolve? And how can you choose the most proper online travel insurance from all options?

Find a Reputable Online Travel Insurance Company

Of course, you should double-check your insurance company’s trustworthiness before taking further action, as this will directly impact your payments. “The best method to completely investigate an insurance business is to become familiar with their state license, claim process, and claims.” Also, don’t hesitate to inquire about how your provider handles claims and makes claims decisions,” Tyler advises. Traveler’s Wong (Tyler Wong). These questions will assist you in determining which insurance company can help you obtain online travel insurance and assist you in an emergency. Check your provider’s terms and conditions to ensure the process is transparent and reliable. The financial strength of an insurance business demonstrates its ability to reimburse you in the event of an accident, allowing tourists to enjoy their vacation to the fullest when they travel with us.

Compare Inexpensive Online Travel Insurance Packages’ Programs, Rates, and Perks

While most travel insurance policies cover medical expenses incurred due to COVID-19, this may not be the case in some instances. As a result, experts advise travelers to read guidelines carefully and pay attention to those excluding pandemics. For example, COVID-19, SARS-CoV-2, and any SARS-CoV-2 mutation or variation currently offer a travel insurance package that covers medical expenses in the event of COVID-19 SARS-CoV-2 and any SARS-CoV-2 mutation or variation. Covid is now treated like any other sickness in most travel insurance plans with medical benefits. So, when you’re looking for the finest online travel insurance, make sure you’re comparing packages that offer the same programs and advantages. Remember that low-cost online travel insurance isn’t always the greatest solution for your international vacation. Also, remember that while travel insurance is for emergencies, you must have acquired it before you were unwell to submit a claim.

Examine the Procedure for Filing a Claim with Your Travel Insurance Provider

A transparent claim process is often overlooked, but it is one of the determining aspects in identifying the difference between a regular and the finest online travel insurance business. The ideal insurance claim procedure should be open and transparent, with clear instructions on who to contact and file a claim. Travelers who purchase travel insurance may be assured that clear instructions will support the claim process and that all forms will be conveniently accessible. With our insurance plan, you can fully safeguard your family and yourself from the pandemic when traveling abroad.

Insurance payments for overseas travelers vary from $150 to $200. This figure is highly dependent on the location of the excursions and the season (winter levels are more significant), explains Yulia Kolysheva. For example, in Bulgaria, the average payout will be $90. Still, the number of applications (as a percentage of those who departed) will be higher than in Switzerland, where the average payment will be $500. Still, the number of applications will be considerably lower.

Tourists who travel around America have recently begun to purchase travel insurance; however, it appears that a mandatory medical insurance policy is sufficient in this instance. Unlike a compulsory health insurance policy, paid insurance covers additional fees for treatment, medicine, and new tickets if a person is admitted to the hospital and unable to fly out or return home on time. It also allows for the escorted return of children left unsupervised due to hospitalization.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

1. Just do it!

If you are holding back and waiting for the perfect time, you may never invest because it does not come; it’s our justifying narrative to avoid investing and taking the risk. The biggest hindrance on our way is to extend this decision and wait for the correct time to arrive, Nicholas J. Scheibner, a wealth management advisor at Baron Financial Group. “Don’t wait for the ‘perfect time to get in,” he says. “Start now and keep adding to it.” Furthermore, he advises rookie investors to commence the first year, anticipating decreasing their investment. Also, be inclined to acknowledge that your investment may make a loss for some years and that this does not necessarily indicate you did something improperly. It’s more likely that it implies you must stock up while it’s on sale.

Furthermore, don’t be hesitant to seek help. We’d all be wealthy if investing was a piece of cake. However, it’s never a boring idea to have experts on your side. The objective of humans is to grow and to sustain that; you must allow yourself and your mind to expand in this area. A trained professional addressing your concerns and offering factual data can benefit you. Ensure you have a trustworthy specialist to help you through your financial road to be comfortable and stress-free and that your money is being invested in the right place.

2. Consider expanding your portfolio

Numerous institutional investors advise newcomers to expand their investments as their first financial suggestion. They emphasize investing in various places rather than one. For instance, diversify your purchased assets, locations of your holding, and so on.

Various asset classes should be included in your portfolio, including equities, corporate bonds, government bonds, property investment, and other assets. Government bonds, for example, are considered low risk but generate slower growth. On the other hand, Stocks pose a more significant threat but provide a higher potential gain. Choose wisely.

Dynamic industries: Financial advisors recommend having numerous assets and encouraging investing in several economic sectors. For example, if you invest in fuel equities, you risk losing money if fuel prices collapse.

Wide-ranging location: The availability of different asset kinds from various industries isn’t sufficient. What occurs if you possess a mix of Australian stocks, real estate, and other assets? You’re going to take a beating. That is why you should acquire a wide and varied portfolio of support from throughout the globe.

3. Understand your objectives and timescale

Individuals who desire to secure their money but want to earn a good amount can choose a limited and narrow portfolio, concentrating on lower-risk companies. Invest in equities with higher returns if you dream of potentially tremendous wealth. Reflecting on why you are investing and your goal may help you do better than others since you can devise unique strategies for distinctive objectives.

However, your investing horizon essentially inspires your strategies to invest. How? If you plan to save for retirement while you are still 30, you can endure the potential risks and rewards of investing in diverse equities. You won’t be bothered if your investments lose 40% of their worth; you earn a prolonged positive return.

In contrast, you must develop a conservative portfolio like investing in blue-chip stocks, bonds, or even CDs instead of small, risky businesses to support your college education.

Investing should be associated with a lengthy endeavor. Three primary factors determine the volume of your portfolio.

1. Your investment amounts.
2. Your portfolio’s annualized return.
3. How long do you plan to keep your money invested?

Creating an expansive portfolio will decrease your risk and allow your portfolio to grow throughout the years; the more extended the investment, the more diversified the portfolio.

In addition, Determine your risk appetite. Another fundamental factor that influences your portfolio is your willingness to endure risk. If you plan to invest for the long run to increase the value of your assets, the risk appetite may drive you to less potentially dangerous options. Regardless, if you aim for a long-term horizon, you might be eager to maintain and grow a portfolio entirely of equities with this polished skill. People who aren’t adaptable and entrepreneurial with ambiguity, although even if their ambitions are protracted, they may choose to purchase a mix of bonds and stocks.

Finally, investment is all about common sense, so there is no room for emotional and irrational decision-making. It’s standard that certain emotions attach to some brands or companies who captivate you to buy their share. Nevertheless, a biased preference for a company isn’t a rational reason to purchase its stocks. Instead, consider purchasing on a proper investigation of the assets’ growth potential and your strategy. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Corporate social responsibility (CSR) was first introduced in the early 1970s, and it was initially associated with business ethics and morality.

However, over time, it has become clear that businesses have an important role to play in the development of society, and there is a growing demand for integrity in the business world. As a result, many organizations have recognized the need to incorporate the principles of CSR into their business plans. 

Implementing a national strategy for CSR and developing a centralized reporting standard could be a promising prospect for businesses. This would enable companies to work for the benefit of the country and contribute to the development of civil society.

CSR is one of the most frequently debated topics in public and professional business circles worldwide. As top domestic corporations increasingly recognize the importance of CSR, they are incorporating its concepts into their business development plans.

Currently, the company is responsible for the following:

1. Working conditions and a fair wage
2. The quality of services or products consumers receive
3. Business partners for the sake of the partnership’s integrity
4. An organization dedicated to a variety of tasks, including advertising
5. The place where people work has a local community

Corporate Social Responsibility (CSR) plays an important role in limiting the negative impacts of companies’ production operations, solving global and local development challenges, and fostering a climate of predictability, trust, and shared beliefs in society. However, many companies lack expertise in implementing corporate social programs, leading to aimless efforts that imitate their more experienced colleagues without considering several aspects.

Just like any other activity, CSR follows a procedural method that includes stages such as planning, analysis, modification, and control. CSR is based on analytical ideas that have scientific validity, but unfortunately, scientific evidence is rarely considered in business practices. This paper aims to convey the findings of examining CSR implementation directions and forms created in theory and applied in practice.

To achieve this goal, it is necessary to systematically clarify the essence of CSR and conduct an empirical investigation of the directions and forms of CSR implementation in the context of a specific economic unit.

Business’s Corporate Social Responsibility

Corporate social responsibility (CSR) has become an increasingly important concept in modern business practices. Its roots can be traced back to the Club of Rome’s discussions, which raised concerns about the environmental consequences of technological development. The Club of Rome identified the responsibility of industrialists towards these consequences, which have led to a high mortality rate and a decrease in life expectancy over the past century.

To address these issues, businesses must follow strict legal regulations that ensure their environmental and social responsibility. This includes adhering to regulations that protect the environment and the health of employees.

Additionally, businesses should seek financial, material, and ideological support to implement CSR policies effectively. This support could come from governments, non-governmental organizations, or other stakeholders.

The trinity of man, nature, and economy is crucial when implementing CSR policies. This concept recognizes the interdependence of these three components and the need to balance them to achieve sustainable development. To this end, businesses must consider the impact of their activities on the environment, society, and the economy.

Today, CSR is understood as a strategic activity that takes into account the interests of society. This includes accepting responsibility for the impact of business activities on stakeholders such as customers, suppliers, employees, shareholders, local communities, and other interested parties. Businesses must go beyond merely complying with the law, and voluntarily taking more steps to improve the quality of life of their employees and their families. They also need to contribute towards the overall growth of the regional community and society as a whole.

Conclusion

The company is actively engaged in social activities. Analysis shows that they inspire employee loyalty through a well-thought-out personnel strategy. As a result, the corporation is seen as an environmentally accountable economic institution. Officials agree that maintaining a balanced and consistent social policy is important, and social reporting is a valuable tool for company interaction and capitalization. The independent appraisal of the material supplied in the reporting is crucial. Understanding international experience and establishing centers for its efficient application are required to contribute to good characteristics, especially in recovering CSR ideals. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Consumers need a method to distinguish between offline and online merchants. Look at Walmart; you can shop online but get a different in-person experience. Therefore, “brick and mortar” is often employed in today’s digital environment.

While the demand for online shopping is rising and physical store footfall is declining, there are plenty of opportunities for a physical presence if you use a suitable business model. For example, outlets like grocery stores that give shoppers instant access to what they need are suitable for brick-and-mortar stores.

On the way to the local mall, something odd happened. The alleged assassin, a pure e-commerce play, saw the significance of a physical location. These pure plays spot this potential by keeping an eye on consumer trends, listening to what their customers want, and learning from the mistakes of their competitors and others.

Amazon is the most well-known e-commerce pure-play, and it’s the firm that brick-and-mortar merchants refer to as the reason their stores are failing. Pure plays, ironically, are the ones that are expanding into the physical world. Amazon bookstores have seven locations open, with another six on the way.

Jet.com, an Amazon competitor now purchased by Walmart, teamed with the New York City retail business Story to establish a temporary produce store within the Story store. While Walmart is hardly a newcomer to the physical world, Jet.com is. Before being bought by Walmart, it was an e-commerce pure-play that contemplated this in-store model. Pop-up stores are being experimented with by online-only merchants like ELOQUII, which has made its pop-up permanent due to high client demand. It is part of a strategy to introduce new customers to the fashion brand by allowing them to try on clothing.

Why is this shift from online to offline taking place? Because despite what you may have heard, there is still a demand for physical storefronts. In 2016, offline sales accounted for 92% of total retail sales. Why are we so eager to dismiss brick-and-mortar retailers, yet they account for 92% of sales? Take online stores Bonobos and Warby Parker, for example. They’ve opened many retail outlets across the United States, even though they sell nothing. They’ve successfully combined online and in-store shopping.

The Evolving Store Meets the Evolving Customer

There will be no going back to when a trader had to clear an entire city block to set up shop. Smaller stores are becoming more popular. The smaller size enables more direct client engagement, improving the overall customer experience. Store personnel have more power over a customer’s purchasing experience and can establish a human connection between the brand and the customer. They can listen, engage, and learn about the wants and needs of customers. They can give suggestions and respond to clients’ questions and concerns. Consumers desire all these parts of the shopping experience, regardless of how they shop.

Consumers prefer the convenience of Internet purchasing, but they still want the experience that only physical stores can deliver. The immediacy of obtaining the product is the number one reason they choose to shop in-store rather than online. The ability to touch and take a product home and the physical browsing process are among the top reasons people prefer to purchase in-store.

Consumers Can Get All these Products

s from physical stores. They can engage, listen, and respond quickly. While online shops like Amazon have attempted similar services, they know that human interaction and the desire to purchase in person still exist in today’s always-connected society.

E-commerce Retailers Have an Advantage

When you make an online purchase, you must provide a physical address. It provides the retailer with valuable information on where to open a store. E-commerce firms that open physical locations benefit from several factors, including current consumer data. They know where their customer bases are dense. They also have the following essential data: They know which clusters spend the most money — and on which things. It allows a store to select a strategic location and stock more precisely with the things most likely to sell.

Another benefit of internet shops is a clear picture of what isn’t working. They can gain knowledge from others. They understand that they don’t have to go big or go home regarding floor space. They’ve probably realized that too much physical inventory can stymie a shopper’s decision-making. They can include popular technologies in their business, such as free Wi-Fi or touchscreen assistance. They can plan to buy online and pick up in-store, buy in-store and ship to home, and in-store returns for online purchases from the start.

These are all conveniences consumers expect – and they help drive in-store traffic.

Is brick-and-mortar becoming better than ever? From a consumer standpoint, it is perfect, maybe. Online retailers are in a great position to know what their customers want and, just as importantly, what they don’t want. Because of this knowledge, they are uniquely positioned to create an engaging consumer experience in the brick-and-mortar world. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Strategic or business planning connects strategy, goals, activities, and influential figures. The strategy work is based on corporate objectives, market research, and observations of the world, customers, and the company. Business planning aims to increase revenue, improve efficiency, and acquire market share. On the other hand, the public sector does not place the same emphasis on business planning.

The strategic vision is frequently perceived as obscure. It is consequently quite beneficial if the strategy and plan can be seen, making it much easier to comprehend. The assumption that the process has been conveyed to the organization requires it to cause actions, which is necessary for turning the plan into actual results. It will also be simpler to work with strategic planning if the goals can be broken down into semi-goals and linked to critical data that can be tracked over time. This creates a continuous thread from strategy to goals and semi-goals and the ability to measure company performance.

Strategy, Goals, and Plan

The strategy is the general direction, the most critical priority, and you should conceive of it in terms of a “helicopter perspective.” Regarding plans and objectives, you should focus on tactical and operational viewpoints. The strategic plan should be viewed as the business’s most essential governing document, while you should consider the business plan and business plan to be strategic work in practice. The plans are produced to guide the organization appropriately. Different parts of the company develop strategies for their respective aspects of the business and work toward their individual goals. Still, it is critical for the overall result that these strategies, plans, and goals are consistent with the broad perspective. This works both from a management and a customer perspective.

Goal management is a term used to describe the process of steering a corporation toward its objectives. It is similar to strategic planning but with a focus on goal achievement. Financial planning should be tightly related to the company and operational plans. The two go hand in hand and should be considered in the same planning and management processes. Working on budgets and forecasts is critical to the company’s planning operations. You may do that in various ways, most commonly year-round or on a rolling 12-month basis. Management and decision-makers at all levels can lead the organization effectively and flexibly if they have efficient processes and control over financial planning.

Examples of strategic planning programs that can aid a company’s growth include:

• Strategic management
• Corporate Plans
• Balanced control
• Management of objectives
• Risk assessments
• Plans of high quality
• Internal supervision

Goal Management

Goal management refers to an organization’s ability to communicate its plans and business goals to all managers, departments, and employees. The idea is to use the correct tools and communication to build a common thread between strategy, goals, key figures, and activities. Employees are then given a fresh opportunity to learn how their work contributes to the company’s success. The strategic plans are linked to operational strategies and concrete results through goal management. As a result, goal management’s goal is to plan, convey, and target strategies at various levels. The goal is for strategy work to be more efficient and to implement strategies in the business’s daily operations. 

Conclusion

How ideas are implemented has always been critical to a company’s ability to grow, meet new competitors, and win market share. The same may be said for public-sector activities, but how successfully they perform on their objective or provide value to their users. Many have had cause to reconsider their strategic approach after the outbreak. In numerous cases, it has become evident that you must reassess business models and form the overall strategy or that the organization must work more agilely to respond more quickly when circumstances improve. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

By: Jennifer Brazer

Jennifer is the author of From Cubicle to Cloud and Founder/CEO of Complete Controller, a pioneering financial services firm that helps entrepreneurs break free of traditional constraints and scale their businesses to new heights.

Fact Checked By: Brittany McMillen

Accounting for Servicing and Manufacturing Industries: A Guide

Effective accounting for manufacturing and servicing businesses requires specialized strategies tailored to each industry’s unique financial structure. The global manufacturing market is projected to reach $34.8 trillion in 2024, while service industries continue rapid expansion—both needing precise financial management to thrive. My team at Complete Controller has guided hundreds of businesses through these industry-specific challenges, and I’m sharing our proven approaches that drive profitability.

Key accounting differences between manufacturing and service industries

• Manufacturing accounting requires tracking three-stage inventory (raw materials, work-in-progress, finished goods), while service businesses focus on time-tracking and project management systems.
• Cost structures differ fundamentally—manufacturers track direct materials, direct labor, and manufacturing overhead, while service businesses primarily track billable hours and human capital deployment.
• Manufacturing businesses need specialized software with bill of materials processing and production tracking; service businesses require time tracking and project management integration.
• Regulatory compliance varies significantly—manufacturers must follow UNICAP inventory valuation rules, while service businesses face complex revenue recognition standards under ASC 606.
• Businesses implementing industry-specific accounting practices typically see 15-20% efficiency gains and 8-12% profit margin increases within the first year.

Industry-Specific Cost Structures: A Deep Dive

Manufacturing and service businesses operate with fundamentally different financial models. Understanding these differences is critical for accurate accounting and strategic decision-making.

Manufacturing cost accounting essentials

Manufacturing accounting revolves around three primary cost categories: direct materials, direct labor, and manufacturing overhead. What makes it complex? The continuous movement of costs between these categories throughout production.

Manufacturing businesses must track inventory at three distinct stages:

• Raw materials (components waiting for production)
• Work-in-progress (partially finished goods)
• Finished goods (completed products ready for sale)

This multi-stage inventory tracking creates accounting challenges that service businesses simply don’t face. For manufacturers, a robust cost accounting system is non-negotiable—63% now use integrated platforms like Katana MRP for cost tracking, up from 51% in 2020.

Direct vs. Indirect Costs Management

Manufacturers must distinguish between costs directly tied to production and indirect overhead expenses. For example:

• Direct costs: Raw materials, production worker wages, packaging
• Indirect costs: Factory rent, equipment depreciation, supervisor salaries

Activity-based costing (ABC) has emerged as the gold standard for manufacturers, allowing precise allocation of overhead costs to specific production activities. At Complete Controller, we’ve implemented ABC systems that typically reveal 15-20% of previously hidden costs—costs that were incorrectly allocated across product lines.

Servicing industry financial nuances

Service businesses operate with fundamentally different cost structures focused on time-tracking, project management, and human capital deployment.

Project-Based Billing Strategies

Service firms must master the connection between time tracking and revenue recognition. Unlike manufacturers who sell physical products, service businesses sell expertise and time—making hour tracking the foundation of accurate financial reporting.

Effective service industry accounting requires:

• Detailed project profitability tracking
• Employee utilization rate monitoring
• Client-specific revenue analysis

Our service industry clients who implement these tracking systems typically see profit margins increase by 8-12% within six months—simply by identifying previously untracked billable hours.

Compliance and Regulatory Demands: Navigating Complexity

Both manufacturing and service businesses face strict compliance requirements, but the regulatory landscapes differ significantly.

GAAP, IFRS, and tax rules: Avoiding pitfalls

Manufacturers must navigate complex inventory valuation rules under both Generally Accepted Accounting Principles (GAAP) and tax preparation standards. The IRS requires manufacturers to follow Uniform Capitalization (UNICAP) rules, which mandate capitalizing certain indirect costs into inventory valuation.

U.S. manufacturing employs 8.41% of the workforce but faces a 2.06% annual labor cost increase, creating additional pressure to accurately track and allocate labor expenses. When how to choose an accounting firm becomes a priority, manufacturing businesses should prioritize expertise in these specialized regulations.

Revenue Recognition Challenges

Service businesses face their own compliance challenges, particularly with revenue recognition under ASC 606. This standard requires service providers to:

1. Identify contracts with customers
2. Determine performance obligations
3. Calculate transaction price
4. Allocate price to obligations
5. Recognize revenue when obligations are satisfied

These five steps create considerable accounting complexity for service businesses, especially those with long-term contracts or milestone-based billing.

Case study: Compliance in action

A mid-sized manufacturing client came to Complete Controller after receiving an IRS notice questioning their inventory valuation methods. They had been using basic accounting software that didn’t properly track overhead allocation to inventory.

Our team implemented a specialized manufacturing accounting system that properly capitalized overhead into inventory following UNICAP rules. The result? The client avoided penalties, reduced their tax liability by $47,000, and gained accurate product costing information that helped them adjust pricing on previously unprofitable product lines.

Best Practices for Optimal Financial Management

Regardless of industry, certain fundamental financial management practices drive success. However, their implementation varies significantly between manufacturing and service businesses.

Core strategies for operational excellence

Automation Integration

Manual data entry is the enemy of accurate financial reporting. Both manufacturing and service businesses benefit from automation, but in different ways:

Manufacturing automation focuses on:

• Inventory movement tracking
• Production order costing
• Bill of materials management

Service business automation emphasizes:

• Time tracking integration
• Project milestone billing
• Resource utilization analytics

The benefits of outsourcing accounting services include access to specialized automation tools without significant investment in software and training. Many of our clients find that outsourcing delivers 30-40% cost savings compared to maintaining in-house accounting staff.

Inventory Control Systems

In 2023, 40% of manufacturers struggled with inventory inaccuracies, down from 49% in 2021 due to ERP adoption. This improvement directly impacts financial accuracy, as inventory often represents 20-30% of a manufacturer’s total assets.

Effective inventory systems provide:

• Real-time stock level tracking
• Automated reorder points
• Historical usage analysis
• Serialized inventory tracking

Manufacturing businesses should implement perpetual inventory systems rather than periodic counting to maintain accurate financial statements throughout the year.

Data-Driven Decision Making

Manufacturing and service businesses both benefit from data analytics, but require different metrics:

Manufacturing key metrics:

• Cost per unit produced
• Production line efficiency
• Materials waste percentage
• Inventory turnover rate

Service business key metrics:

• Revenue per employee
• Project profitability
• Client retention rate
• Employee utilization percentage

Our experience shows that businesses that implement comprehensive effective payroll services linked to these performance metrics see 23% higher profit margins than those using disconnected systems.

Software Selection: Choosing the Right Tools

The right accounting software dramatically impacts financial management effectiveness for both manufacturing and service businesses.

Evaluating accounting and ERP platforms

Manufacturing businesses require specialized features that many general accounting programs lack:

• Bill of materials processing
• Production order tracking
• Shop floor control integration
• Multi-location inventory management

Service businesses need entirely different functionality:

• Time and expense tracking
• Project management integration
• Resource scheduling
• Milestone billing

Our guide to selecting accounting software for small businesses provides detailed criteria for evaluating platforms based on your specific industry needs.

Software Recommendation Matrix

Business Type	Recommended Solutions	Key Features
Manufacturing	NetSuite, Katana MRP	Inventory tracking, production planning, cost analysis
Light Manufacturing	QuickBooks Enterprise + plugins	Basic BOMs, job costing, inventory tracking
Professional Services	Xero, QuickBooks Online	Time tracking, project management, client billing
Field Services	ServiceTitan, Jobber	Scheduling, mobile invoicing, location tracking

 

Transitioning to Cloud-Based Solutions: A Strategic Roadmap

Moving from legacy accounting systems to modern cloud-based solutions requires careful planning, regardless of industry.

Phase 1: Assessment and planning

The first step in any accounting system transition is thoroughly assessing your current processes and identifying improvement opportunities:

• Document existing workflows
• Identify manual processes for automation
• Map data migration requirements
• Establish success metrics

This assessment typically takes 2-4 weeks but saves months of implementation headaches. The move to accounting software for small businesses in the cloud requires careful data mapping and migration planning.

Phase 2: Implementation success factors

A successful implementation requires:

• Executive sponsorship
• Clear project ownership
• Realistic timeline (typically 2-3 months)
• Staged implementation approach
• Comprehensive staff training

Li’l Guy Foods, a specialty food manufacturer, reduced inventory costs by $25,000 in just 40 days by implementing QuickBooks Enterprise Solutions with proper planning and training. Their success came from focusing on production planning and real-time data tracking.

Phase 3: Optimization and refinement

Once your new system is operational, continuous improvement drives additional value:

• Regular system audits
• Workflow optimization
• Additional automation opportunities
• Custom report development

Our manufacturing clients typically see a 15-20% efficiency gain in the first year after implementation, with additional 5-10% improvements in subsequent years through ongoing optimization.

Common Challenges and Proactive Solutions

Both manufacturing and service businesses face financial management challenges, but their solutions differ significantly.

Manufacturing pain points

Manufacturing businesses frequently struggle with:

• Cost Variability Management

Fluctuating raw material prices and labor costs create accounting complexity. Solution: Implement standard costing with regular variance analysis to identify and address cost fluctuations quickly.

• Multi-Location Operations

Many manufacturers operate multiple facilities, creating accounting coordination challenges. Solution: Centralized financial management systems with location-specific reporting capabilities provide both local control and global visibility.

• Regulatory Compliance

Manufacturing faces extensive regulatory requirements affecting accounting practices. Solution: Implement specialized compliance tracking systems integrated with financial reporting.

Servicing industry issues

Service businesses face different challenges:

• Revenue Recognition Complexity

Long-term projects and milestone-based billing create revenue recognition challenges. Solution: Implement percentage-of-completion accounting for accurate financial reporting.

• Resource Utilization

Maximizing billable hours drives profitability in service businesses. Solution: Implement detailed time tracking with utilization reporting to identify improvement opportunities.

• Cash Flow Management

Service businesses often experience cash flow gaps due to project-based billing. Solution: Implement milestone billing with clear payment terms and automated follow-up.

Conclusion: Empowering Financial Health

Effective accounting isn’t just about compliance—it’s a strategic advantage that drives business success. By implementing industry-specific accounting practices, both manufacturing and service businesses can transform financial data into actionable insights.

At Complete Controller, we’ve guided hundreds of businesses through this transformation. The results speak for themselves: more accurate financial reporting, better strategic decisions, and ultimately, improved profitability.

Ready to transform your financial management? Complete Controller provides industry-specific accounting solutions for both manufacturing and service businesses. Visit Complete Controller to learn how our team can help you implement these best practices.

FAQ

What’s the biggest difference between manufacturing and service business accounting?

Manufacturing accounting requires extensive inventory tracking (raw materials, WIP, finished goods) and cost allocation systems, while service business accounting focuses on time tracking, project profitability, and resource utilization. Manufacturing businesses typically need specialized ERP systems with production modules, while service businesses require project management and time tracking integration.

How can small manufacturers improve their accounting processes without expensive software?

Small manufacturers can improve accounting accuracy by implementing batch tracking systems, using Excel-based bill of materials templates, conducting regular physical inventory counts, and outsourcing specialized manufacturing accounting tasks. Many entry-level accounting programs offer manufacturing add-ons that provide essential functionality without enterprise-level costs.

What accounting method should service businesses use—cash or accrual?

Service businesses should use accrual accounting, which records revenue when earned and expenses when incurred, regardless of cash flow timing. This provides a more accurate picture of financial performance, especially for businesses with long-term projects. While the IRS allows cash accounting for some small businesses, accrual accounting delivers better management information.

How do regulatory requirements differ between manufacturing and service accounting?

Manufacturing businesses face complex inventory valuation rules (UNICAP, FIFO/LIFO), production cost allocation requirements, and industry-specific regulations. Service businesses contend with revenue recognition standards (ASC 606), labor regulation compliance, and project-based performance obligation tracking. Both industries must follow GAAP, but the specific applications vary significantly.

What key financial metrics should manufacturing versus service businesses track?

Manufacturing businesses should track metrics like gross margin by product, inventory turnover, production efficiency, material waste percentage, and manufacturing overhead allocation. Service businesses should focus on metrics like billable utilization rate, project profitability, revenue per employee, client retention, and average project duration. Both should monitor cash flow, but the underlying drivers differ.

Sources

• Acconuovation. (2024). “12 Good Accounting Practices for Manufacturing.” www.acconuovation.com
• Chortek. (2023). “6 Challenges of Managing Accounting for Manufacturing.” www.chortek.com
• Fictiv. (2024). “35 Manufacturing Industry Statistics and Trends.” www.fictiv.com/articles/manufacturing-industry-statistics
• HighRadius. (2024). “Key Accounting Strategies for Smooth US Manufacturing in 2025.” www.highradius.com/finsider/manufacturing-accounting/
• Intuit. (2024). “Mexican Food Maker Finds Recipe for Success with QuickBooks Enterprise Solutions.” http-download.intuit.com/http.intuit/CMO/qbes/resources/pdfs/CaseStudy_LilGuyFoods.pdf
• Investopedia. “Cloud Accounting.” www.investopedia.com/terms/c/cloud-accounting.asp
• Katana MRP. (2024). “Manufacturing Accounting: The Ultimate Guide.” katanamrp.com/manufacturing-accounting/
• Lendio. (2022). “Manufacturing Accounting: An Introductory Guide.” www.lendio.com
• Manufacturing Leadership Council. (2023). “Survey: Data Mastery is Slow to Mature but Essential.” manufacturingleadershipcouncil.com/survey-data-mastery-is-slow-to-mature-but-essential-32960/
• NetSuite. (2024). “Manufacturing Accounting: An Expert Guide.” www.netsuite.com
• Sage. (2024). “A Guide to Basic Accounting for Manufacturing Businesses.” www.sage.com
• Small Business Administration. “Hire and Manage Employees.” www.sba.gov/business-guide/manage-your-business/hire-manage-employees
• Solution Systems. (2024). “Accounting 101 for Manufacturers.” www.solutionsystems.com
• Wikipedia. “Generally Accepted Accounting Principles.” en.wikipedia.org/wiki/Generallyacceptedaccounting_principles

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

• Categorize your necessities

Commence the most influential and life-changing habit by creating categories for different areas of finances. For instance, prioritize your necessities such as food, shelter, transportation, and utilities. Then, once they are taken care of, add further dimensions to the list.

• Prepare for the inevitable chain of surprises

Life tends to intimate us by its unpredictable chain of surprises. To narrate skillfully out of them is to pay yourself first; this calls for a savings account. Putting aside a few chunks of money for the sake of saving can be beneficial in times of unexpected expenses or increasing monthly payments. Consider labeling this category as miscellaneous and the most important.

Furthermore, if you get paid directly into your bank account, communicate with your employee if you can sign up for an automated savings account and deposit a percentage of your paycheck to it.

• Make room for entertainment

Making a budget doesn’t steal the aspect of entertainment from your life, nor does it interpret deprivation. Instead, it illustrates wise spending and demonstrates the value of money. However, create a room for fun spending because unwinding yourself from this challenging life is imperative. It rejuvenated our well-being in general. Fun spending keeps your mind sorted and lets you practice good budget-making without blowing the whole thing. Sticking to a budget is comparatively more manageable when you permit yourself to enjoy it.

• Develop realistic goals

Your affirmation should be that I want to save $1,000 in 2 months instead of more. Identify your financial objective clearly and outline specific goals for good motivation. The purpose of devising a budget plan is not to restrict yourself from happiness. Furthermore, to make your budget work, relate your emotional connection with it.

• Purchase in large bulk

Financial stability relies considerably on intelligent strategies. Stocking up ingredients in bulk reduces the per-unit cost of items and permits you to save a fortune in the future. Though this act necessitates excellent investment, it protects you from additional expenses and keeps your fuel. When you purchase groceries every month, you must visit the market back and forth; this consumes a lot of energy, and as fuel prices have increased, it’s imperative to consider this factor in our budget plan. You can kill two birds with one stone. 

• Create a budget tailored to your needs

People must stay consistent with their budget because they create one that doesn’t suit their lifestyle, and their expenses surpass their income. Consequently, you feel agitated and decide to back off. So, it must comprise your priorities and valuable things. Moreover, your budget must align with your circumstances. So, keep things simple and flexible.

Furthermore, consider receiving consultancy from a financial planner. They may charge a specific amount but contemplate the benefits in the future. A once-and-a-lifetime investment will allow you to become financially independent in the upcoming years.

• Acknowledge your little milestones

When trying to keep up with our efforts, it’s fundamental to celebrate and embrace our little success to motivate ourselves further—the sense of acknowledgment births a seed inside us that grows over time. When affirmations water it upon reaching budget milestones, we can accomplish our following plans.

• Avoid overusing credit cards

We tend to borrow more credit cards to supplement our lifestyle. But we are only accumulating stacks of debt on our heads that will later haunt us. Instead, make use of cash as much as you can. For example, avoid using credit cards and pay some money when shopping. You may not know, but the daily use of credit cards in running errands can result in a financially unstable and stressful life. Consider taking budgeted money for these errands.

• Evaluate your progress

Making efforts to create a budget is only possible if you practice overconsumption and are motivated to implement it. Creating a reasonable budget sounds straightforward, but the game begins when you act upon it. To assess your progress timely, track your spending, and save money to keep your goals in sight.

• Benefit from modern technology

Some budgeting tools might help you make a budget. These apps make it simple to keep track of your costs. Discover the most recent budgeting app to create an error-free budget. Ensure you have some money left over after you’ve paid all your bills to change your quality of life. Furthermore, there are no set rules for building a budget; you must do so according to your unique circumstances and revenue. However, it is beneficial to understand how to live within your means and save money. Cut your coat according to your clothes. In addition, if you believe your monthly income is insufficient, you must increase it.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

A business plan is one of the management tools that assist entrepreneurs in defining every step of their business, whether it’s a specific marketing campaign, the start-up, and formation of a firm, or the expansion of a division. A business plan is a tool that will lead you through everything that must be done, analyzed, and considered when managing your firm. This blog will assist you in planning your business goals and the activities necessary to accomplish your intended outcomes, regardless of the situation. It can help you in several ways.

The following elements make up an effective action plan:

Summary

The first section of a business plan is regarded as a summary. You must provide essential information about your firm on this tab. Since it clearly and objectively defines your firm and its operations, including its mission, vision, and values, and how it stands out in the marketplace. As this will be the reader’s initial introduction to the business plan, the summary should be professional, imaginative, and objective.

Market Analysis

One of the most crucial aspects of a company plan is market analysis. Customer segmentation is one of the most effective strategies for examining the market in this aspect.
It applies to the following questions:

Who is your target audience or customers?
What do they want to buy?
What goods and benefits are they most interested in?
Age group, gender, and schooling.
Whether they are individuals or legal entities
Where they usually buy
What are their most pressing needs, and so on?

You would invest in content marketing and SEO and boost your company’s social media presence to be more successful if you better understand your audience.

Competitor Analysis

Another excellent technique to learn more about the market and find opportunities is to conduct a competitor analysis. Consider companies in your field that currently offer solutions that compete with your products and services. Examine organizations that answer your target market’s problems and requirements. Take the time to determine what’s fascinating and shouldn’t be done based on these organizations’ expertise. After all, staying one step ahead means learning from others’ mistakes.

Supplier Analysis

For improved control of day-to-day operations, a thorough supplier analysis is required. At this point, you must decide which firms to target to make products and services viable and which equipment to purchase. Analyze market possibilities, seek reputable businesses, and ask a few questions to help you make the best decision possible:

What are the necessary raw materials?
For each of them, who are the suppliers?
Is the supplier willing to work with you on payment terms?
Is the cost appealing?
Are you curious about delivery times?
What is the location of the supplier?
Is there a minimum order quantity per supplier? Do they satisfy your requirements?

Marketing Plan

It is vital to have a marketing strategy to ensure effective communication. At this point, you should define your product and include features such as color, quality, size, label, flavor, weight, and all essential attributes. Again, think about your product’s sales methods and how you plan to structure those actions to communicate with buyers.
Answer the following questions to create a solid marketing strategy:

Is the product’s price reasonable?
What is the best way to describe the product?
What benefits does your product provide to customers?
What sets you apart from your competitors?
What distinguishes you from the competition?
What do your customers do when they make a purchase?
What is the definition of distribution?
How do customers learn about your company’s existence?

Financial Plan

Financial planning involves time and effort. To avoid affecting your business budget, you should plan your company’s spending and investments. Consider all your costs to date, what investments you’ve made, what should be considered, the ideal cost of working capital, and more when drafting your financial strategy. Consider the costs of the website, domain and hosting, marketing, employee salary, equipment, space rental, suppliers, and essential raw materials, among other things. When all these aspects are considered, a fuller picture of the company’s entire investment emerges.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

What does it mean to have a “merchant account”?

Most digital store operators understand the necessity of accepting payments and processing transactions. If you want to be successful online, you’ll need more than just a great idea; you’ll also need a reliable source of money. Almost all your consumers will have bank accounts and debit or credit cards to shop online. As a product or service supplier, you must ensure that you have the appropriate payment gateway or payment processing technique to suit your clients’ demands.
However, many business owners need to know that collecting payments is something they can handle independently. You’ll need a strategy to start, which usually entails establishing a connection with a merchant service provider.

Creating a seller account is the first step in developing a relationship with a seller’s service provider. This account allows you to receive funds from consumers who have paid with credit or debit cards. You do not have direct access to this account. Instead, the merchant account provider will send your funds to your business bank account. It’s like having an intermediary in your firm who manages your finances.
An account allows businesses to accept debit and credit cards and is issued by an acquiring bank. These sales can occur locally and online with credit card or e-commerce purchases. The sale returns will be deposited into the seller’s or traders’ trading accounts.

How to Get a Merchant Account

It is more straightforward than it appears to open your trading account.
The most crucial thing to identify is that you must do your homework to find the best payment solution without spending a bunch.

Research the merchant service provider you intend to utilize. Each firm has its features, pricing tables, and handling charges. You might even discover that switching to the correct supplier prevents you from making unnecessary monthly payments or receiving payments from debit card transactions more quickly.
There are some terrible options among the many excellent merchant account service providers. You may have to wait a few days for some suppliers to complete the transaction. Other companies can provide you with the speed you require, but at a cost that is too expensive for your budget.
If you wish to switch to a different trading platform with superior customer service, you must pay a small price first. Typical early termination penalties vary from $300 to $600. Look out for auto-renewal conditions and cancellation costs, among other things.

Customers are even subjected to so-called liquidated losses by some suppliers, and you’ll be fined for the rest of the contract based on your paid handling cost. Some leading suppliers are moving away from ETFs for small e-commerce firms. The good report is that the sector is progressively improving regarding safeguarding businesses against high costs.
You can also find companies that allow you to pay monthly transaction costs if you’re concerned about termination fees.

Set up Your Trading Account

Locating an account is as simple as finding your website’s correct credit card processor or looking into payment options like PayPal. You’ll get many alternatives if you search for “merchant account services” on Google.
The next step is communicating with the supplier’s sales team if you’ve chosen a trustworthy company. Your merchant provider may outsource customer care to a third-party merchant organization. As a result, you may speak with people who work for dozens of different businesses.
Many online retailers have complained about dealing with customer service that doesn’t comprehend their difficulties and can’t provide adequate support. Some independent agents may even lie to you about essential contract terms to receive a greater fee.

Ultimately, it’s difficult to avoid engaging with independent agents entirely. You can typically protect yourself by thoroughly reading the contract before signing anything. Expect the agent not to tell you everything about what you paid. Please offer specifics in writing if you are considering a new service so that you can review it again.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.