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COGS vs. Expenses: A Vital Distinction for Your Business

One question frequently asked by our CFO services clients at Small Business Accounting Inc. is, what sets apart the Cost of Goods Sold (“COGS”) from Operating Expenses (“OPEX”)? These terms involve spending money to keep your business operational, but are

Bookkeeper vs. Controller vs. CFO: Understanding the Differences for Your Small Business

In the dynamic landscape of small business accounting, understanding the roles of financial professionals is crucial for effective financial management. Many small businesses often use terms like “bookkeeper,” “controller,” and “CFO” interchangeably, not realizing the unique contributions each role offers.

When Should You Hire a CFO for Your Small Business? Exploring Qualifications, Skills, and the Benefits of a CFO

As your small business grows and reaches new heights, you’ll likely encounter various challenges related to financial management and strategic decision-making. At this critical juncture, you may find yourself contemplating whether it’s time to bring a Chief Financial Officer (CFO)

The Distinction between a CFO and a CEO: Roles and Responsibilities

In any organization, the roles of the Chief Financial Officer (CFO) and the Chief Executive Officer (CEO) are distinct but complementary. While both positions hold critical responsibilities in ensuring the company’s success, their areas of focus and expertise vary significantly.

The Crucial Role of a CFO in Business Success

Introduction: In today’s fast-paced business world, the position of Chief Financial Officer (CFO) has become more critical than ever before. The CFO plays a multifaceted role, overseeing financial strategies, risk management, and driving informed decision-making. In this blog post, we

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