Best Consumer Protection Lawyers in Burlington, ON

What Is the Difference Between Bookkeeper, Controller, and a CFO? Financial operations are the backbone of any business, even a not-for-profit company. As your business grows, managing money becomes more complex. Reporting transactions and managing the money of a small store is time-consuming. Imagine managing the finances of five or 50 stores where hundreds of transactions happen daily. Financial management has several roles, from bookkeeping to financial statements, management accounting and reporting, budgeting and projections, fundraising, taxation, and capital structure. All these duties are well divided into a proper hierarchy of bookkeeping and accountancy, controller, and chief financial officer (CFO). While the smallest of the businesses need a bookkeeper, the need for a controller and a CFO depends on the level of financial transactions of an organization. In this article, we will understand the roles of bookkeeper, controller, and CFO and whether your business needs their services.