How much does a cost controller earn in California?

How much does a COST Controller make in California? As of Mar 31, 2023, the average annual pay for a COST Controller in California is $94,982 a year. Just in case you need a simple salary calculator, that works out to be approximately $45.66 an hour. This is the equivalent of $1,826/week or $7,915/month.

How much does a controller earn in California?

The average salary for a controller in California is $110,000 per year. Controller salaries in California can vary between $45,000 to $255,500 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.

How much does a small business controller earn in California?

How much does a Controller make in California? The average Controller salary in California is $272,989 as of March 28, 2023, but the range typically falls between $229,573 and $320,249.

What does a cost controller do?

A cost controller's main duty is to track and control the costs associated with one or more of their employer's projects. On a day-to-day basis, they are responsible for tasks such as compiling monthly cost forecasts, tracking employee hours invested on a project, and verifying invoices issued by suppliers.

What education do you need to be a cost controller?

The primary qualifications for getting a job as a cost controller are a bachelor's degree in finance or an industry-related field and several years of experience. Most employers prefer applicants who have additional credentials, such as the Certified Cost Technician license. Try to get these as early as you can.

Top 5 Skills of a Cost Controller

How many years does it take to become a controller?

It's typically a 12- to 20-year path to a controllership.

Is being a controller a good job?

A financial controller position can be a great career option for people who are interested in accounting or financial management roles. This career path can include broad responsibilities and hands-on management, which can be highly fulfilling for finance professionals.

What makes a good Cost Controller?

A good Cost Controller is someone who can analyze a cost report, and communicate the result of a cost report properly to the team members. I have seen many Cost Controllers who do an exquisite job in putting together the data, generate fancy reports, but they cannot communicate the results properly to the team members!

Is a Cost Controller an accountant?

An accountant, or practitioner of accounting, keeps and analyzes financial records. A controller, or comptroller, oversees the accounting operations of a firm, including managing staff. Because controllers' duties and responsibilities expand beyond that of an accountant, they typically command larger salaries.

Is a Cost Controller a manager?

A Cost Controller manages the project costs. Cost Controllers' tasks include developing, controlling, planning, and forecasting the project's budget. They make sure that projects are completed within the approved budget and minimize the deflection from it.

Is a controller a high level job?

A controller is high-level accounting position in a firm or company. They often report directly to the CFO (Chief Financial Officer) and are responsible for budgets, audits, and financial reports, as well as ensuring the company complies with all tax codes and regulations.

How much more does a CFO make than a controller?

Since CFOs are responsible for more decision-making and oversee more facets of a company, they usually earn more. The average base salary for a controller is $93,961 per year , while the average base salary for a CFO is $123,912 per year .

What are the duties of a controller in California?

The controller acts as the state's accountant and bookkeeper, tracking and controlling disbursement of state funds from the treasury. The controller also administers the Uniform State Payroll System, audits various state and local government programs, and disburses state aid to lower-level governments.

Is a controller higher than a CPA?

Whether you hire a full-time accountant or controller or you use outsourced accounting services, accountants and controllers mostly offer the same services. However, a controller is a more senior position responsible for managing the firm's accounting-related activities.

Is controller a stressful job?

A financial controller is a senior-level manager who is responsible for all of a company's accounting and day-to-day financial activities. That's a tall order. A high volume of work, tight deadlines, compliance demands, team oversight and impeccable accuracy can make a financial controller's job stressful.

Is a controller over a CFO?

The CFO is traditionally ranked just below the CEO in terms of hierarchy. The controller reports to the CFO, sometimes alongside the treasurer and tax manager. Below the controller can be roles such as the accounting manager, financial planning manager, accounts receivable manager, and accounts payable manager.

How many hours do controllers work?

Air traffic controllers typically work around 40 hours per week.

Should a controller be a CPA?

A Controller is not required to have a CPA license, although some companies might require it.

What is the highest position in accounting?

1) Financial Controller

Job Description: A company's controller is the chief accounting officer and heads the accounting department. The controller is responsible for the company's financial statements, general ledger, payroll, accounts payable, accounts receivable, budgeting and tax compliance.

What are the 2 types of cost control?

What are the three main areas of cost control?

Some of the areas where a cost control is essential in a Business are: (i) Labour (ii) Materials (iii) Sales (iv) Overheads and(v) Energy!

What are examples of cost control?

Do controllers work long hours?

Work Schedules

Controllers may not work more than 10 straight hours during a shift, which includes required breaks, and must have 9 hours of rest before their next shift. Major airports may operate control towers on a 24-hour basis.

Do controllers make a lot of money?

According to PayScale, a junior financial controller with less than one year of experience made an average annual salary of $65,200 as of September 2021. Those with 1-4 years of experience make an average of $71,700.

What position comes after controller?

Once you become a controller, the next career step may be to assume the same position in a larger organization or a different industry, or it may be to seek a role as group finance director or a move to operational finance. With careful planning, it may even lead to CFO.