Bookkeeper, Controller Or Cfo : Who Do You Need?

1644 Words7 Pages
Bookkeeper, Controller or CFO - Who Do You Need?

Bookkeeper, Controller or CFO - Whom Do You Need?
Business owners often handle their own bookkeeping for many reasons that include fear of delegating sensitive financial information, wanting complete control and keeping staff costs lean. Those reasons, while certainly valid for startups and smaller operations, grow increasingly impractical as your business grows. Some owners delegate accounting duties to trusted family members or staff, but the most successful and savvy entrepreneurs learn quickly that accounting and finances are the lifeblood of business and deserve professional management from skilled financial specialists. The three primary financial manager positions in most businesses are bookkeeper or accountant, controller and Chief Financial Officer or CFO.

As a business owner, you might handle the duties of these positions yourself or delegate them to a staff member or trusted associate, but as the business matures, most owners discover that hiring professionals generates solid cost-value benefits while freeing owners to concentrate on core business issues. The results of hiring accounting professionals include -- but aren 't limited to -- the following business advantages:

Finding cost savings in manufacturing process, vendor relationships, office operations and employee management
Saving money on taxes
Managing an ever-expanding volume of internal paperwork and external reports
Designing a financial safety net

More about Bookkeeper, Controller Or Cfo : Who Do You Need?

Open Document