CFO Source Blog

Risks of In-House Bookkeeping

July 21, 2022

Most people who start a business do so in a field they know at least a little bit about, but no matter what industry you’re in, we can tell you that running a business is next to impossible without good bookkeeping. Some business owners opt to have all of their bookkeeping done in house, and […]

5 Common Mistakes Made by Doing Your Own Bookkeeping

June 9, 2022

Trying to manage your business’s books can be a tedious and daunting task, especially if you don’t have any previous accounting experience. At CFO Source, we’ve helped a lot of small business owners fix their books and wanted to talk about five mistakes we see most often when owners do their own books. 1. Not […]

What Contractors Should Know About QuickBooks

May 4, 2022

QuickBooks is a very useful business tool and software that many contractors know about. QuickBooks can provide you with a variety of different tools and can greatly benefit your business. At CFO Source, we’ve been providing business owners in Maryland with our QuickBooks services for years, and we wanted to share a few insights that […]

What’s the Difference Between a Bookkeeper and an Accountant?

April 15, 2022

At CFO Source, we’ve been helping business owners in Maryland with both bookkeeping and accounting services for years, but a lot of times we find that most business owners don’t know the differences between bookkeeping and accounting. Since we have a good deal of experience with both, we wanted to outline both fields today. What […]

5 Common QuickBooks Mistakes

March 4, 2022

QuickBooks has revolutionized the way businesses keep their books, but unless you’ve received training in the software, it can be difficult to utilize it to its full potential. At CFO Source, we’ve been helping people with QuickBooks for years, and have learned more than a few common mistakes, but we wanted to talk about five […]

Making Sure Your QuickBooks and Accounting Systems Are Up to Date

February 11, 2022

The advent of QuickBooks forever changed the way accounting is done, in a good way. Accounting and bookkeeping have never been easier and have never offered more insights into your business. By utilizing QuickBooks to its maximum potential, you’ll be gaining new insights into how your business operates and will have up to the minute […]

Annual Accounting Checklist

January 3, 2022

The end of the year is the perfect time to reflect back on the year that was, in both your personal and business life. At CFO Source, we work with all of our clients to help them wrap up their end of the year accounting. We wanted to take a little bit of time today […]

Year End Accounting Checklist

December 17, 2021

The end of the year is a great time to reflect back on everything you’ve accomplished, and is one of the best times to go over your businesses’ numbers. At CFO Source, we’ve been providing Maryland small business owners with our accounting services for years, and plan on doing so for many more. We wanted […]

QuickBooks Desktop versus QuickBooks Online

November 1, 2021

QuickBooks is a great accounting software that can benefit a variety of businesses. QuickBooks offers six distinct products, but they’re well known for their two core products: the cloud-based QuickBooks Online and the locally-hosted QuickBooks Desktop. Both are great products, but they offer different capabilities. Here’s how QuickBooks Desktop and QuickBooks Online compare. Accessibility QuickBooks […]

The Value of a QuickBooks Certified Pro

October 22, 2021

You likely know a good deal about your business. We should hope so, or else your time in business may not be too long. While you may know the ins-and-outs of your particular industry, you probably don’t possess the same level of expertise in the world of accounting. Here at CFO Source, we’ve helped businesses […]

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