Controllers typically work for corporations to ensure they keep updated, accurate financial records for future reference. They work closely with upper management to identify areas to reduce costs and liabilities they need to pay off by the end of the year. Their job is to ensure that their company complies with financial regulations. They also review financial statements to determine their corporation’s financial health and take action accordingly. They may also be responsible for monitoring payroll documents to ensure employees receive the correct amount per pay period.
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A controller, or comptroller, is responsible for overseeing financial statements like balance sheets, invoices, accounts payable and accounts receivable. Their duties include directing accounting managers and department operations, compiling financial reports based on financial statements and implementing policies and procedures for financial reporting.