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.
What is the difference between a controller and a CFO? And, what factors should determine which of these two roles a.
Your company's CPA and CFO rely on the data gathered, organized, recorded, and classified by your bookkeeper to.
Whether you have been in business for decades, or you are just getting started, money management can be an issue no.