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The Key Differences Between a Controller and a CFO in Small Businesses

CFO Share

Education and Experience Controllers typically have an accounting degree supplemented with an optional CPA or CMA and 10+ years of experience in managerial accounting. CFOs , being a less technical role, rely less on their education and more on their 20+ years experience managing business financials.

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Your Ultimate Finance Department Checklist

CFO Simplified

Plus, with the additional education and experience, a CFO brings a strategic financial view to the company. When accounts payable checks need to be issued, the controller will make sure each entry has the proper approvals and is ready to be paid. Bookkeepers track accounts payable, accounts receivable, and inventory.

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The Difference between a Bookkeeper, an Accountant, and a CFO

The Charity CFO

Their primary role is to ensure that all transactions are entered into the accounting system with accuracy and consistency. Accountants run reports to help determine if the bookkeeping is done correctly. Let’s take a closer look at the responsibilities, scope of work, and educational requirements for these nonprofit financial roles.

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Case Study: Financial Clarity with Modern Nonprofit Accounting Software

The Charity CFO

As stated on their website, “Vermont Adult Learning’s mission is to create an innovative, inclusive, and equitable learning environment that provides personalized opportunities for education and career development for Vermont residents by building relationships, strengthening communities, and fostering lifelong learning.”