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.
Strong bookkeeping and financial accounting records are essential for the success of any business, big or small. Some.
Your company's CPA and CFO rely on the data gathered, organized, recorded, and classified by your bookkeeper to ensure.
Topics: accounting, IRS, financial management
When a flood, fire, hurricane or other disaster strikes your business, you may suffer heavy property damage along with.
The popular narrative for Millennials has been largely negative when it comes to financial matters. Also known as.
Advances in technology are rapidly reducing the resources controllers must devote to routine tasks, leaving more.
A business with industry-leading sales can lose money. Growing profits may mask declining efficiency. To truly.
