Controller services, the accounting department is the eyes and ears of the company. You are asking "What does a controller do?". In this article, you will learn the key functions of this role. Why you shouldn't confuse it with a CFO or a bookkeeper.
Business owners who are considering whether to hire a bookkeeper or an accountant by considering the value that each roles bring.
Analysis of the four basic financial statements gives you an idea of your overall financial health, and for that reason alone it’s important to understand them.
CFOs and controllers are both important senior roles in a company’s finance organization, helping ensure the business is on solid financial footing and positioned for growth. But what’s the difference between the two roles – and which one does your business need first?
Cost of Goods Sold (COGS) is one of the most fundamental concepts in your business’s finances. It’s one of the first sections on your income statement, and it can affect how you report your business taxes. And like many aspects of bookkeeping and finance, it can be confusing if you don’t have a background in the field. We’re here to clear it up.
Unless you are an accountant or a fan of working with numbers, bookkeeping is probably not your favourite task. But adopting some good habits early can help you avoid costly errors when it comes to record keeping. That’s why we’ve put together these five bookkeeping tips for small business.