When it comes to a company’s bookkeeping practices, the business will only operate as efficiently as the processes that are in place. Proper bookkeeping is essential to the health of any company. If it’s done poorly, it can ruin a business gradually through higher costs, canceled vendor services, and lost profits. As you move into a small or midsize business to oversee its financial affairs, consider reviewing the company’s books and bookkeeping procedures to make sure that the division is operating as it should be. A reliable bookkeeping system is a basis on which all of a company’s vital financial information is built and on which outsourced CFOs can rely to make intelligent decisions.
In a survey conducted by Robert Half Management Resources, 41 percent of CFOs cited technology as a major source of.
Financial controllers and CFOs are moving past controller services and playing a more strategic role in company.