The manufacturing industry is experiencing a huge labor crunch these days, with many companies falling behind in their month-end closing and financial reporting due to a lack of qualified accounting professionals. Global Shop Solutions, a leading provider of ERP software for manufacturers, has a solution for its customers Virtual Controller, a new financial consulting service that helps manufacturers complete month-end on time and closes an employment gap that could have a serious impact on their businesses.
“Virtual Controller helps our customers overcome the loss of experienced accounting employees by producing their monthly statements for them,” says Daniel Carranco, Director of Continuous Improvement for Global Shop Solutions. “Staffed with our most experienced consultants, the service enables users to complete their monthly financials promptly until they can hire or develop qualified accounting professionals to perform this vital process.”
The immediate goal of the Virtual Controller service is to ensure the recommended month-end processing for customers gets completed on time. This involves reconciling accounts receivable and payables to the general ledger, inventory batch processing, inventory reconciliations, and more. The Virtual Controller team then analyzes the data to ensure the numbers are correct and generates financial statements and summary reports ranging from income statement results to month-over-month analysis and cost accounting reviews.
“Our mission is to simplify manufacturing so our customers can continue growing their businesses,” says Dusty Alexander, President and CEO of Global Shop Solutions.
“Virtual Controller handles routine financial tasks for customers impacted by the labor shortage and analyzes what the numbers mean so they can make the right decisions for their businesses. It’s a financial gamechanger for our customers at a time when we all
have to do more with less.”
For more information:
Global Shop Solutions