CFO’s and CPA’s Are Not (Usually) Created Equally
The Primary Differences Between Your CFO and Your CPA In our recent series of articles, we have been discussing the key roles in your accounting
The Primary Differences Between Your CFO and Your CPA In our recent series of articles, we have been discussing the key roles in your accounting
It’s Not Just About Numbers, It’s About People Now that we’ve broken down some of the various activities that take place in your accounting department,
CPAs come with different specialties and can provide expert advice on a wide range of topics. There are different ways to identify a CPA who is right for your organization:
Closing the books means you are ending your official accounting period so you can start the next period with a clean slate. It means that once the books are “closed” there will be no more changes to the financial documents for the closed period. So accuracy is critical. The closed books are the “gospel” of what has happened in the financials for your company.
For moderately sized companies in the $2 million to $20 million range, senior management often turn to their CPA for advice about business finances because they don’t have a CFO or financial advisor on staff. What they will get from a CPA is a financial opinion informed by the CPA’s perspective on taxes and tax law, not necessarily the financial opinion that may be best for the situation.