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CFO Source Blog


How Our Financial Stress Test Works

Navigating the complex landscape of financial management requires a robust strategy to ensure stability and resilience, especially during challenging times. At CFO Source, we recognize the critical importance of stress testing in safeguarding against potential financial risks and uncertainties. Let’s delve into how our financial stress test works and why it’s indispensable for businesses aiming […]

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5 Things to Ask Before Hiring an Accountant

Hiring an accountant is a significant decision for individuals and businesses alike. Whether you need someone to manage your personal finances or handle the financial complexities of your company, finding the right accountant is crucial. To ensure you make an informed choice, here are five essential questions to ask before hiring an accountant. 1. What […]

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DIY Bookkeeping Horror Stories

Bookkeeping is an essential aspect of any business, providing valuable insights into financial health, tax compliance, and overall decision-making. While some businesses opt to outsource their bookkeeping to professionals, others choose to embark on the do-it-yourself (DIY) path. However, as with any DIY endeavor, bookkeeping can sometimes turn into a horror story, filled with haunting […]

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Key Financial Ratios You Should Know

Financial ratios are important because they give you, as a business owner, a way to evaluate financial performance beyond financial statements and compare it to similar businesses in your industry. By using ratios, you can gain insight into your company’s profitability, efficiency, liquidity, and solvency. Here are some key financial ratios you should know as […]

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5 Common Mistakes Made by Doing Your Own Bookkeeping

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 […]

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What’s the Difference Between a Bookkeeper and an Accountant?

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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5 Common QuickBooks Mistakes

QuickBooks has revolutionized the way businesses keep their books, but unless you’ve received training in the software, it can be difficult to utilize it to its full potential. At CFO Source, we’ve been helping people with QuickBooks for years, and have learned more than a few common mistakes, but we wanted to talk about five […]

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5 Year-End Accounting Tips for Your Small Business

As 2019 comes to a close, you may be looking ahead to 2020 but your small business can benefit by taking some time at the end of the year to take care of some simple accounting tasks. It’s important to go into the next year with a good understanding of where your small business stands. […]

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Getting Started with a CPA

What does a Certified Public Accountant do, exactly? How can you benefit from their services? Where can you find an expert CPA in Maryland? If you’ve ever been curious about any of these things, you’ve come to the right place! Let’s learn more about CPAs and what they can do for you. What is a […]

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Are You at Risk for Employee Fraud?

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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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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