443-487-7733CFO Source Blog
Getting Started with a CPA
August 5, 2019
What does a Certified Public Accountant do, exactly? How can you benefit from their services? Where can you find an expert CPA in Maryland? If you’ve ever been curious about any of these things, you’ve come to the right place! Let’s learn more about CPAs and what they can do for you. What is a […]
What is ‘Going Concern’ in Your Business?
July 2, 2019
No, that’s not a typo. The term is ‘going concern’, but what exactly does it mean? Simply put, going concern is an accounting term for a company that has the resources necessary to continue operations for the foreseeable future (usually at least 1 year). In other words, it means that a company is able to […]
Are You at Risk for Employee Fraud?
June 3, 2019
When we think of business fraud and corruption, we usually think of scandals at the top by large companies and big name people; Bernie Madoff and Enron come to mind. But in reality, small and mid-sized businesses are actually more susceptible to fraud, and the effects can be even more devastating. Of course you never […]
Outsourcing Your Financial Management for Results
May 2, 2019
There are many decisions that small business owners have to make. Where should I place my business? How many employees should I hire? What prices should I set? One more question we find many small business owners asking is “should I outsource my accounting?” There are benefits to both having an in-house accounting department and […]
Can You Reconcile Your Bank Account in QuickBooks?
April 1, 2019
Many know QuickBooks for its applications within the tax world, but keen insiders know QuickBooks can help out with a lot more. In addition to all of the great tax help provided, QuickBooks also has a feature that allows you to view your business’ bank account, current expenditures and revenues, and recent transactions. Monitor Your […]
Building a Budget that Works
March 1, 2019
Budgeting might not be your idea of fun, but it is necessary to ensure that you’re staying on track with your goals. However, there are right and wrong ways to approach your budget that can affect not only its success, but the success of your business. So, let’s take a look at how you can […]
Investing in a Bright Future for Your Business
February 1, 2019
To call something a business versus calling it a hobby comes down to whether or not you’re generating revenue. At the end of the day, that’s what makes a business well, a business. So, whether you’re looking for a huge amount of growth, or you’re just looking to get back on track, your business’s financial […]
Tax Preparations for Your Small Business
December 1, 2018
Taxes can be complicated whether they’re for your business or for your personal finances. Knowing how to approach them and where you can save is going to have a huge impact on your business. So, let’s take a look at how you can approach your tax preparations this year. Let’s Get Organized Before you can […]
Does Your Bookkeeping Need a Refresher?
November 1, 2018
Running a business is a complex venture with lots of different angles to consider. When you’re directly involved with running your business, the accounting processes can sometimes fall to the wayside when you’re bogged down with client meetings and other daily operations. Here are a few signs that you need to hire professional bookkeeping services […]
5 Quick Accounting Tips for Your Businesses
October 2, 2018
Accounting for your business is just as important as the services you perform and the products you provide. Without ample accounting sense, it won’t matter how great your company may seem; it will inevitably suffer in the long term. Here are some quick tips for accounting practices for your business—big or small. Automate What You […]
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