Business Guidance - CFO Source
Maximizing Profits, Minimizing Taxes,
And Finding Capital For Our Clients

CFO Source Blog


Why Keeping Good Books is Critical to Success

In the world of business, the term “keeping good books” refers to the meticulous and accurate recording of financial transactions and maintaining organized financial records. While it may seem like a tedious and time-consuming task, keeping good books is a critical practice for achieving success, whether you’re a business owner or a nonprofit organization. This […]

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Benefits of Expert Financial Analysis

In today’s dynamic and competitive business landscape, sound financial analysis is an indispensable tool for driving strategic decision-making and achieving sustainable growth. Chief Financial Officers (CFOs) hold a pivotal role in steering their organizations toward success, and leveraging expert financial analysis is crucial for fulfilling this responsibility effectively. In this article, we will delve into […]

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Consequences of Bookkeeping Mistakes

Bookkeeping mistakes can have significant consequences for businesses, ranging from financial losses and legal complications to damaged reputations and strained relationships. Accurate bookkeeping is crucial for maintaining the financial health and stability of a company. As someone who has been providing Marylanders with accounting services for years, we understand this at CFO Source and want […]

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Key Accounting Numbers to Guide Your Business

It’s not an understatement that small business owners carry a lot of weight on their shoulders. From sales and marketing to production, customer service, and overall financial management, small business owners have many responsibilities. Running a successful business requires careful monitoring and analysis of various financial metrics. These key accounting numbers provide valuable insights into […]

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Why Hire an Outsourced CFO

Managing the financial aspects of a business can be a complex and time-consuming task. As a business owner, you have a lot on your plate already, and handling finances can often be overwhelming. That’s why it makes sense to consider outsourcing the role of a Chief Financial Officer (CFO). An outsourced CFO can bring a […]

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What is a CPA and Do I Need One?

A Certified Public Accountant, or CPA, is a professional who is licensed to practice accounting in their respective state after completing a rigorous education and examination process. They provide various accounting and financial services, including tax preparation, financial planning, audit, and assurance services. At CFO Source, we’ve been providing Marylanders with our CPA services for […]

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What Does a CFO Do?

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 […]

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Does My Business Need a Part-Time CFO?

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 […]

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5 Questions to Ask Your New Bookkeeper

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 […]

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Pitfalls of Do it Yourself Bookkeeping

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 […]

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What Our Clients Say...

"We struggled for several years with high turnover in our bookkeeper position, which resulted in missed billings and duplicate payments. Craig Kershaw was able to locate a high caliber person who quickly took over the accounting and is now helping to expand the business into new markets. I no longer worry about whether my accounting is being done properly."

-Bryant Brambeck, Owner, Liberty Emblem Company

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Regions Served

  • Frederick County: Frederick (21701, 20702, 21703, 21709), New Market (21774) , Mount Airy (21771), Urbana (21704), Ijamsville (21754), Walkersville (21793), Libertytown (21762), Damascus (20872), and more.

    Howard County: Clarksville (21029), Columbia (21044), Cooksville (21723), Dorsey (21075), Elkridge (21075), Ellicott City (21043), Fulton (20759), Glenelg (21737), Glenwood (21738), Granite (21163), Hanover (21076), Highland (20777), Jessup (20794), Lisbon (21765), Marriottsville (21104), North Laurel (20723), West Friendship (21794), Woodbine (21797), Woodstock (21163), and more.

    Montgomery County: Olney (20832), Damascus (20872), Laytonsville (20882), Silver Spring (20910), Clarksburg (20871), Gaithersburg (20878), Germantown (20876), Bethesda (20816), Chevy Chase (20815), and more.

    Baltimore County: Arbutus (21227), Catonsville (21228, 21250), Cockeysville (21030, 21031, 21065), Dundalk (21222), Edgemere (21219), Essex (21221), Garrison (21055), Lansdowne (21227), Lochearn (21207), Lutherville (21093), Middle River (21220), Milford Mill (21244), Overlea (21236), Owings Mills (21117), Parkville (21234), Park Heights (21215), Pikesville (21208), Randallstown (21133), Reisterstown (21136), Rosedale (21237), Timonium (21093), Towson (21204), White Marsh (21162), Woodlawn (21207), and more.

    Carroll County: Eldersburg (21784), Finksburg (21048), Hampstead (21074), Manchester (21102), Marriottsville (21104), Taneytown (21787), Union Bridge (21791), Westminster (21157, 21158), Mount Airy (21771), New Windsor (21776), Sykesville (21784), Woodbine (21797), Taneytown (21787), and more.

  • Washington, DC and Northern Virginia

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5515 Hudson Drive
Sykesville, MD 21784
phone icon 443-487-7733 | Fax: (206)415-2361
info@cfosource.net

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