CFO Source Blog

Problems From QuickBooks Not Set Up Correctly

January 17, 2023

When set up correctly, QuickBooks is a great software that gives business owners the tools they need to run a successful business. With features such as invoicing, expense reports, and cloud accounting, it’s no wonder why so many business owners turn to QuickBooks for their accounting needs. However, when Quickbooks isn’t set up correctly, they […]

What Does a CFO Do?

December 21, 2022

There’s a lot that goes into running a business, and the most successful businesses split all of the different duties and responsibilities into multiple positions. One of the most common roles found in businesses is the Chief Financial Officer (CFO), but what exactly does a CFO do? If you’re just starting, looking to expand your […]

Year-End Bookkeeping Considerations

November 15, 2022

As 2022 comes to an end, businesses across the country will work diligently to close out their books so that tax returns can be filed on time and to have insight into the year’s performance. If you’re like most business owners, you’re probably juggling end-of-year accounting procedures in addition to heavier traffic and sales and […]

Does My Business Need a Part-Time CFO?

October 17, 2022

In every business, from small startups to large multinational corporations, the CEO has to figure out how to juggle many tasks with limited resources, including things a CFO typically handles. While plenty of small businesses can benefit from having a CFO, hiring a full-time one is often an unaffordable luxury. That’s when hiring a part-time […]

5 Questions to Ask Your New Bookkeeper

September 15, 2022

Good bookkeeping is essential to running a successful business, and the easiest way to ensure good bookkeeping is to work with a professional and quality Maryland bookkeeper. At CFO Source, we’ve helped a lot of Maryland small business owners with their accounting. The process of hiring a new bookkeeper can be stressful, so we wanted […]

Pitfalls of Do it Yourself Bookkeeping

August 2, 2022

One of the key areas business owners tend to target when trying to cut costs is bookkeeping. But to have a successful business, you need to know where your money is coming from and where it’s going. Bookkeeping isn’t as simple as it seems, and if done incorrectly, it can end up costing you more […]

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 […]

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