CFO Source Blog

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 […]

Is Your Small Business Reaching its Full Potential?

March 1, 2021

Trying to get ahead as a small business owner can be extremely difficult. You need to outmaneuver your competition, many of whom are much bigger than you and need to keep on top of your industry. If you want your small business to reach its maximum potential, there’s a lot of information you need to […]

3 Reasons to Hire a Business Consultant This Year

March 4, 2020

No matter what kind of business you have or what industry you’re in, running a small business in Maryland is difficult and you need all of the help you can get. Whether your business needs help with Quickbooks, financial management, decision making, or taxes, you can get help by working with an experienced Maryland business […]

How Can You Stay on Top of Your Business’s Finances?

September 4, 2019

Managing all of the aspects of your company can be overwhelming. Don’t let managing your company’s finances be a responsibility that gets pushed aside or neglected. Instead, follow these tips to make a typically time-consuming business task more efficient. Tips for Managing Your Business’s Finances Categorize Your Expenses – In order to better visualize and […]

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 […]

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