The thought of needing to hire a CFO (chief financial officer) may have never crossed your mind as a small business owner. When businesses experience unexpected rapid growth or become large enough that the financial responsibilities are becoming too much for the owner and staff to handle on their own, the investment of hiring a CFO will pay for itself tenfold in convenience. However, a full-time CFO costs an average of $200,000 per year when benefits and salary are added together, which clearly isn't a price that many small businesses are willing or able to pay. That being said, there is a way for a small business owner to be able to afford the valuable services and knowledge of a CFO. It all comes down to hiring in a nontraditional sense.
Topics: company culture,, ADC news, company news
Years ago, when AccountingDepartment.com was a much smaller company, we had the idea to celebrate the end of January..
Topics: accounting strategies, accounting, quickbooks tips
The ability to sort accounting transactions by user-defined divisions and classes in QuickBooks is a great way to track.
As costs vary, the way you value your inventory can impact both your tax bill and how healthy your company looks to.
Sweeping disruption of the accounting industry is imminent. Massive technological change and shifting consumer trends.
Government forms - they're a given when you work as a government contractor, but that doesn't make them any easier to.
Want to go beyond standard account-based tracking in QuickBooks? Expanding into class tracking provides you with a.
