Everyone in a company has a role or assignment. It is a good idea to make sure you know, as the business owner, who does what when and why.
When it comes to the financial people associated with your company, make sure you have the right person doing the right financial things for you. Usually, the roles look like this:
- A CPA is great to do your taxes and that is their frame of reference.
- Your bookkeeper does the day-to-day things including cash flow.
- An accountant pays a role with payroll and other related expense things.
- A controller is a strategist and looks at the bigger picture
By being an outside resource, we look at the bigger picture as a CFO as well as looking at all of the components and tactics.