Controller Services

OSI’s Controllership Services provide high level review and analysis of your company’s financial data to enable compliance with company accounting policies and procedures, tax guidelines and requirements, and generally accepted accounting principles (GAAP).

The controller supervises the development and implementation of OSI’s accounting policies and procedures for your business model, the coordination of systems to expedite the flow of information to and from the accounting department, and the preparation of monthly and annual internal financial reports.

OSI Controllership Services will be included in your monthly fee if your business requires tracking and/or reporting in any of the areas listed below:

1. Fixed Asset Reporting and Depreciation         
2. Inventory
3. Budgets
4. Forecasts
5. Capital Assets 
6. Prepaid Expenses       
7. Accrued Expenses       
8. Accrued Payroll                       
9. Deferred Revenue
10. Work In Process (WIP)           
11. Compensation Programs (salary and incentive)         
12. Cash Management

OSI Controllership Services can be tailored to suit your business needs.

What are some of the Controller’s roles at OSI?

1. Supervise and review bookkeeper
2. Review of the Daily Status Report (DSR) sent by bookkeeper
3. Conduct monthly appointment with bookkeeper to close the books
4. Produce timely/accurate financial statements and management reports
5. Ensure all revenue earned during the period has been recognized, as well as the associated expenses
6. Provide Accrual Basis Reporting (including prepaid expenses, accrued expenses, accrued payroll, deferred revenue)
7. Reconcile all Balance Sheet Accounts
8. Provide Financial Dashboard Maintenance – Budget, Forecast
9. Provide Monthly Management Letter
10. Provide Monthly Phone Consultation

Client Specific Controller Needs:

• Accounting System Establishing and Maintaining
• Cash Management
• Cost Management
• Internal Controls Establishing and Managing
• External Auditor Representation
• Assistance with Forecasting
• Customer Analysis Reports
• Major Expense Analysis
• Accounts Receivable and Accounts Payable Management
• Shareholder Presentation Preparation
• Manager Training for Understanding and Interpreting Financial Reports
• Assistance with Product Pricing Decisions
• Profitability Analysis for Products and Divisions
• Capital Budget Monitoring
• Bonus and Commission Plan Design Assistance
• Special Report Preparation for Investors
• Accounting Rules and Regulations Compliance
• Trend Tracking & Profitability Analysis
• Financial Trend Analysis
• Audit Assistance
• Banking Relationships

There Are 3 Different Levels To Meet Our Client Needs:

"The Kris" – Quarterly
Supervise and Review Bookkeeper
Review of the Daily Status Report (DSR) sent by bookkeeper
Provide Quarterly Management Letter
Provide Quarterly Phone Consultation
Provide Monthly Financials

"The Dennis" – Monthly
Supervise and Review Bookkeeper
Review of the Daily Status Report (DSR) sent by bookkeeper
Provide Monthly Management Letter
Provide Monthly Phone Consultation
Provide Monthly Financials

"The Bill" – Weekly
Supervise and Review Bookkeeper
Review of the Daily Status Report (DSR) sent by bookkeeper
Provide Monthly Management Letter
Provide Weekly Phone Consultation
Provide Monthly Financials
Budget – Create/Update
Forecast – Create/Update
2 Year Pro Forma

Guidance and Consultation
Your OSI Controller is there to help you contain costs and increase profitability. This is done through a variety of measures. We are here to help you grow your business. We strongly feel that your success is our success!