What even is a CFO? A CFO is a Chief Financial Officer or Finance Director (FD).
Every big business has a finance director or CFO and they are needed to keep the financial affairs of the business in line and to provide valuable financial management information to the business. They are your trusted adviser and translator of the numbers!
In small businesses you don’t need a full-time FD/CFO but you do still want to know what your numbers look like on a monthly basis and have someone checking on a regular basis. People often think that they can’t afford to have finance support in a business. This is very different from a year end accountant where they are producing the statutory returns for your business. They are not there to analyse your business and understand your business in detail but merely to submit the tax and legal requirements.
If you just have a year end accountant, this can mean that you only look at your accounts once a...