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How to Hire a Controller for Your Company

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This story appears in the December 2015 issue of Entrepreneur. Subscribe »

Q: How should I go about replacing my controller?

A: When faced with hiring for a key position, you’ll logically start with a job description. You can find sample lists of general duties and responsibilities online, and your outside CPA firm undoubtedly can weigh in. The list should cover the basics: handling transactions and the operations of the accounting staff and software system, and being able to produce monthly financial statements -- income statements, balance sheets and cash-flow statements -- that are complete, accurate and timely, as well as any other reports you need to make business decisions. You should specify compliance-related responsibilities and whether they involve the government or audits. Depending on the level of outsourcing used, these could include payroll and payroll taxes, workers’ compensation, insurance and other requirements.

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