In a company where you have CO-CEOs it is customary for the CEOs to have different responsibility’s and areas of expertise that is their main focus. One of those areas of expertise and focus is the financials of the business.

As the financial officer of your company, you are responsible for overseeing the leadership and execution of each core function of the company.  The accounting and financial function of the organization is one of the most critical day-to-day operating components of your company.

This individual focuses on managing collections, data entry, coding and management of accurate accounting records, and related processes.  The work they deliver sets the foundation for the success of the overall accounting operation.  The responsibilities in this role typically include, but are not limited to the following:

*Receiving and posting accounts payable and accounts receivable into accounting software.

*Entering cash receipts and cash disbursements into accounting software.

*Performing weekly/monthly bank and credit card reconciliations.

*Processing tax payments and filing reports.

*Tracking and monitoring fixed assets.

*Maintaining and tracking accounting task lists and calendars of related deadlines.

*Filing and recording paper and digital information.

The financial officer is responsible with interpreting and presenting information findings, and to work proactively to identify, recommend and support execution of growth, financing and operational support, and activities involving the accounting and financial functions.

This person oversees the company’s financial activities to easily analyze financial statements, sales reports, and other performance indicators that may help them in formulating different strategies and programs.

Another key role is ensuring a strong return on investments for their company. A significant part of their value to a company is their ability to accurately predict likely future outcomes. This includes financial forecasting based not only on the company’s past performance, but on internal and external factors that may affect revenue and expenses.

In conclusion:  A good financial officer is critical to a company’s success and I know this to be true in the company I work for.  Bari Horton is the Co-Chief Executive Officer for The Firm, Inc. and is a master in her role as not only co-owner of the company, but as our company’s financial officer.

By: Gina Cheatham

Sales Director/The Firm, Inc.