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

CFO Source Blog


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 […]

Read More >


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 […]

Read More >


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 […]

Read More >


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 […]

Read More >


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 […]

Read More >


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 […]

Read More >


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. […]

Read More >


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 […]

Read More >


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 […]

Read More >


Building a Budget that Works

Budgeting might not be your idea of fun, but it is necessary to ensure that you’re staying on track with your goals. However, there are right and wrong ways to approach your budget that can affect not only its success, but the success of your business. So, let’s take a look at how you can […]

Read More >

1 2 3

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

Does Your Company Need
CFO or Accounting Support?
REQUEST A
COMPLIMENTARY
ANALYSIS
  • This field is for validation purposes and should be left unchanged.

arrow Click to View the Areas That We Serve arrow

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

cbs radio

AICPA MACPA FEI

Connect

facebook twitter linked in

Contact CFO Source

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

certified advisor