CFO Source Blog

Risks of In-House Bookkeeping

July 21, 2022

Most people who start a business do so in a field they know at least a little bit about, but no matter what industry you’re in, we can tell you that running a business is next to impossible without good bookkeeping. Some business owners opt to have all of their bookkeeping done in house, and […]

5 Common Mistakes Made by Doing Your Own Bookkeeping

June 9, 2022

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 […]

5 Common QuickBooks Mistakes

March 4, 2022

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 […]

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 […]

Quickbooks Tips: Setting Up Your Custom Preferences

July 3, 2020

QuickBooks is your best tool for organizing, managing, and analyzing your business’s finances. A big part of using this software effectively to manage these aspects of your business is choosing and implementing the right preferences in QuickBooks. Though this can be overwhelming when you’re just getting started, The CFO Source is a valuable business accounting resource in our […]

Quickbooks Tips: Offsetting Payables Against Receivables

May 5, 2020

QuickBooks is the ideal solution for organizing, managing, and analyzing your business’s finances. Understanding how offset payables against receivables in business accounting can be overwhelming if you aren’t familiar with this software, but The CFO Source is a valuable resource that’s here to help. If your business has both payables and receivables due to and […]

5 Year-End Accounting Tips for Your Small Business

December 4, 2019

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. […]

3 Commonly Asked Questions About QuickBooks

October 4, 2019

QuickBooks has been around for years and continues to be improved to make it better and better for business owners. This accounting software helps businesses in all different industries to more easily manage their sales, inventory, accounting, and more. We’ve answered the most common questions about QuickBooks, so read on to find out more. Q: […]

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 […]

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