CFO Source Blog

How a Professional CFO Can Help With Bank Relations

August 1, 2024

Navigating the intricate world of bank relations is a crucial aspect of running a successful business. A professional Chief Financial Officer (CFO) can be an invaluable asset in this area, bringing expertise, strategic thinking, and a network of industry contacts to the table. At CFO Source we have a good deal of experience in this […]

5 Benefits of Working With a Contractor Consultant

June 17, 2024

In today’s dynamic business environment, leveraging specialized expertise can significantly elevate your company’s operations. One effective way to access this expertise is by partnering with a contractor consultant. These professionals offer a wealth of benefits that can help your business thrive. Here are five compelling reasons to consider working with a contractor consultant. 1. Access […]

Why Keeping Good Books is Critical to Success

December 4, 2023

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 […]

Benefits of Expert Financial Analysis

September 6, 2023

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 […]

Consequences of Bookkeeping Mistakes

August 1, 2023

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 […]

Key Accounting Numbers to Guide Your Business

June 5, 2023

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 […]

Why Hire an Outsourced CFO

April 17, 2023

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 […]

What is a CPA and Do I Need One?

March 5, 2023

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 […]

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 […]

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