CFO Source Blog
5 Signs Your Business Could Benefit from a Part-Time CFO
January 9, 2025
Running a successful business requires more than a great product or service—it demands sound financial management. For many small and medium-sized businesses, hiring a full-time Chief Financial Officer (CFO) isn’t practical or necessary. That’s where a part-time CFO comes in, providing expert financial guidance without the expense of a full-time executive. At CFO Source, we […]
How Having A Part Time CFO Can Benefit Your Business
August 22, 2024
Examples of How We Earn Our Keep Why Recording Deposits Twice Can Cost You In reviewing a client’s books we noticed a deposit for about $65,000 from five months earlier that never showed up as a deposit at the bank. Turns out the deposit had been recorded twice, one was the correct account and the […]
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 […]
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 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 […]
How Do Some Companies Pay Fewer Taxes?
November 15, 2017
No one looks forward to paying taxes, whether it be personally or as a business owner. But some businesses manage to avoid certain Maryland taxes or pay less than others. How do they manage that? Keep Careful Track Good bookkeeping is a huge way businesses manage to pay less for taxes. By having a detailed […]
Should I Use an Outsourced CFO
September 14, 2017
If you run a small business, keeping track of the financials can be overwhelming. Couple this with trying to keep up with the day to day tasks your business needs to do to stay relevant and profitable and it gets downright unmanageable at times. In larger corporations a CFO handles the financial side of the […]