Why Hire an Outsourced Bookkeeper, Controller or CFO?
When most people think of accounting, they think of taxes. You may file your own taxes or have a CPA who prepares them. But what other things do accountants do?
Many small businesses may have a bookkeeper, but a bookkeeper typically only records the transactions. The goal of accountants is to analyze the financial data to help businesses make informed decisions. Controllers and CFOs take it a few steps further by helping the business stay compliant with a variety of laws and regulations. CFOs also often help with Human Resource, Information Technology and Marketing tasks.
Bookkeeper
Good- record transactions
- basic Accounts Payable and Accounts Receivable input
- basic reports
Controller
Better- everything a bookkeeper does plus
- prepare internal financial statements including profit and loss, cash flow and statement of financial position
- create internal controls
- develop budgets
CFO
Best- everything a bookkeeper and controller do plus
- analyze internal financial statements including profit and loss, cash flow and statement of financial position
- maintain internal controls
- develop cash flow projections and budgets
- monitor the effectivness of operations and identify ways to improve compliance and efficancy
CFO = Business Scientist
We understand accounting and finances and the role they play in your business. We work with you to make sure that you are able to make informed decisions.
All your accounting needs
We are professionals who pride themselves on being amazing at accounting. We can cover items like accounts payable, accounts receivable, payroll, sales taxes, month-end reporting, financial statements, and much more!
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