WHAT BUSINESS OWNERS NEED TO KNOW ABOUT THE CFO ROLE
The CFO is key to having the financial controls, systems, policies, and resources needed to ensure compliance, profitability, and growth
Successful businesses of significant size and complexity will usually have a CFO (Chief Financial Officer) within the senior management team.
“CFO – Refines and has a deep understanding of your business model, has your banking relationship, works with banks for financing, works with your board of directors, prepares detailed financial and management reporting, works with auditors, performs tax planning, sets policies around controls, sets policies around payroll, does budgeting and forecasting, deals with mergers or acquisitions, handles any compliance issues. Great if you’re growing fast, have a lot of employees, offer complex product lines…”