Bookkeepers and CFOs

Recently I had a client prospect that was all but ready to hire me, but before he went through with it, he said, he needed to ask the opinion of his bookkeeper. The bookkeeper and I did not know each other; we had never even met, so naturally I thought it strange that he would need the bookkeeper’s opinion regarding me. Nonetheless, I allowed it—and then regretted it immediately as when next I checked in with my prospective client, he told me he no longer wanted to hire me because his bookkeeper had deemed that a part time CFO was unnecessary to him.

I was surprised, and felt a bit bad for the business owner, that he would allow his bookkeeper to make such a decision for him. I told him that in my experience there were only two reasons a bookkeeper would say CFO services were not required without previously knowing or at least meeting the CFO first:

1. The Bookkeeper is taking advantage of their employer by inappropriately utilizing the day to day responsibilities they have (quite possibly stealing).

2. The Bookkeeper doesn’t want anyone coming in to scrutinize their numbers because they fear mistakes in their bookkeeping will be exposed.
CFO’s and bookkeepers work famously well together, their jobs complement each other, so a bookkeeper that says no to you getting a part time CFO is unusual and rather suspicious. Typically, a CFO is thrilled to go into a situation where they know a bookkeeper is on staff to prepare numbers, and a bookkeeper is thrilled to have someone to check their numbers against who understands how they should work. For the most accurate financial numbers possible and the best chance of making good business decisions, it’s highly suggested that a business owner hire both a bookkeeper and a part time CFO.

Bookmark and Share

No comments so far. Leave a comment.

No comments yet.

Leave a comment

will not be published