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Outsourced CFO/Controller Services

For less than the cost of hiring a full-time controller or CFO, Ericksen Krentel’s Client Accounting Services team can help you see your whole business, from every angle, for every decision you make.

One of the most critical questions a growing business must answer as it develops its strategic plan is when to hire a chief financial officer. For many small businesses, there rarely are enough projects to keep a full-time CFO productive, so to save money, many rely on their controller to act as both CFO and controller, which can be a costly mistake.

By nature, the special projects handled by a CFO, such as loan packaging, budgeting, mergers and acquisitions, software and hardware selection, and tax planning, are critical to your growth. The same can be said of the controller producing accurate and timely financial statements. When the controller is pulling double duty, something suffers, and usually it’s the day-to-day accounting operations.

Whether it’s completely outsourcing your controller or CFO services or co-sourcing to boost your team’s efforts, the Ericksen Krentel team can provide you with the support to continue driving profits.

One of the benefits of outsourcing these roles is that while you may hire an internal CFO or controller with experience in your specific industry, you gain a range of experience by outsourcing with an accounting firm, including their business, professional and banking contacts.

Whether you’re a multi-location restaurant, an independent barge company, general contractor or solo practitioner in the legal or medical fields, our outsourced services are local, personalized and responsive to provide you with actionable financial intelligence that can help create strategies to provide growth and increased focus on future goals for your business or organization.

Outsourced controller services such as handling real-time accounts payable and accounts receivable management, real-time cash management reports, reviews of real-time financial reports, be it daily, monthly, quarterly or annually and variance analysis and comparative financial reporting are only some of the services the Ericksen Krentel team can assist you and your team with.

As an outsourced CFO, we will help you dig deeper to support your overall growth strategy. That includes

  • Budget preparation, analysis and advice
  • Historical financial analysis and advice to management
  • Financial strategy and modeling (forecasts/projections)
  • Real-time cash flow analysis and advice
  • Market analysis
  • Strategic planning (financial and organizational)

As you grow and it becomes clear you need to bring in a CFO or controller, we can help you search for and hire the right professional. By the time you are ready to take that step, the function – and your expectations – will be clearly defined, and we’ll be here to ensure a smooth transition for years of continued success.


Your knowledge source for achieving your business and personal financial goals.

COVID-19 Updates: What You Need to Know

As COVID-19 (coronavirus) continues to spread throughout the New Orleans metropolitan area, we want to provide you with information on the precautions we are taking to protect the welfare and safety of our clients and staff while still providing the efficiency and quality you expect from Ericksen Krentel.

Hurricane Ida Update

Our thoughts and prayers are with all of the people affected by Hurricane Ida. Ericksen Krentel team members have spent this week checking in on each other, our families, and our clients to ensure that everyone is in a safe position. Our New Orleans and Mandeville offices are currently closed due to power outages. We expect our Mandeville office to re-open shortly and will post the status updates of both offices on our website and social media as we know more details. We will do our best to assess the situation of our clients and people, and intend to return to each office as quickly as possible.
We have learned through our experience with past disasters and the ongoing pandemic to be adaptive to new technologies and have implemented cloud-based applications that allow us to efficiently operate remotely. In the interim, we are available to the extent that is possible in working remotely with our many affected clients and their personnel.
As recovery operations begin to take shape and progress, please do not hesitate to call on us to assist in your financial, tax, and other needs. You can reach your Ericksen Krentel professional directly through their normal email address or if you need immediate assistance, send a message through to receive a return call from one of our professional team members. We look forward to a complete recovery and once again working directly with our clients.

What to Know About Restaurant Revitalization Grants in the Rescue Plan Act

As the COVID-19 pandemic and its economic devastation continues, the $1.9 trillion American Rescue Plan Act of 2021 (ARPA), which was signed into law March 11, 2021, expands relief provisions first introduced in the Coronavirus Aid, Relief and Economic Security (CARES) Act from March 2020 and introduces new measures to help businesses and individuals.