In this week’s podcast, Paul hosts his monthly solo show where he shares with you the difference between bookkeepers, CPAs and CFOs.
All companies need all three professionals and in order to have built in accountability, it usually makes the most sense to have all three be different people.
A bookkeeper focuses on the past – they make sure all your transactions are accounted for correctly.
A CPA focuses on the past – they make sure you are staying compliant with your taxes.
A CFO focuses on the future – they make sure you have a financially healthy business that produces consistent, positive cash flow.