CFO Source Blog

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 […]

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 […]

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 […]

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 […]

Understanding the Differences of QuickBooks Versus Quickbooks Contractors Version

September 30, 2021

Quickbooks offers a variety of products and services that can help businesses better manage their books. With so many options to choose from, it can be overwhelming to find the right software for your contracting business. Two of the most common Quickbooks software for contractors are Quickbooks Pro and Quickbooks Premier Contractor. Here’s what […]

5 Ways a QuickBooks Consultant Improves Your Bottom Line

July 6, 2021

No matter what kind of business you run, it’s next to impossible to be successful without good accounting. QuickBooks software has completely changed the way accounting is done, and has allowed small business owners of all kinds to measure and track valuable data. As someone who has been helping Marylanders with our QuickBooks consultant services […]

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