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The Key Differences Between a Controller and a CFO in Small Businesses

CFO Share

Education and Experience Controllers typically have an accounting degree supplemented with an optional CPA or CMA and 10+ years of experience in managerial accounting. CFOs , being a less technical role, rely less on their education and more on their 20+ years experience managing business financials.

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The Difference between a Bookkeeper, an Accountant, and a CFO

The Charity CFO

Common nonprofit bookkeeping tasks include: Recording donations Entering accounts payable and receivable Organizing and reviewing bank statements Maintaining the general ledger These everyday financial duties help bookkeepers provide a clear and up-to-date picture of the nonprofit’s financial status.

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1,021: A Taste for Professional Growth: How the U.S. Coast Guard Granted Larry White an Expansive Finance Career

CFO Thought Leader

His post-retirement work focused on improving cost management practices and advocating for better education for management accountants, reflecting his dedication to enhancing financial practices. His journey reflects the lessons learned from his Coast Guard service and his dedication to fostering change and innovation in financial management.

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Your Ultimate Finance Department Checklist

CFO Simplified

Plus, with the additional education and experience, a CFO brings a strategic financial view to the company. Bookkeepers will receive invoices from suppliers and after getting proper approval, will enter those invoices—properly coding them to make sure that the charges are correctly applied to the correct general ledger account.

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Technology in accounting – during and beyond COVID-19

Future CFO

Think for a moment about how beneficial it would be to work off a single general ledger from anywhere, at any time and in real-time. But for the finance function to capitalise on new technologies, and thus keep pace with the changes in the business world, the finance professionals within those departments must continue their education.

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Accounting Technology’s Impact Felt Far Beyond The Enterprise

PYMNTS

The CEO explained that, traditionally, accountants would print out reconciliations and store them in binders; auditors would then take a sample of those reconciliation documents and match those against the general ledger. “That is an unbelievably antiquated way of testing anything,” Tucker stated.

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Advice for Startups from your Financial Partner

BlueLight

For me, the social purpose is rooted in education and literacy. Finance and accounting consist of many niches: accounts receivable management, invoice collection, bill approval, general ledger data entry, bank reconciliation, expense reports, payroll taxes, income tax, compliance, and so on. It’s a cause close to my heart?