A nurse administrator is usually responsible for a group of departments, an entire hospital or several hospitals, while a nurse manager is more likely to have the responsibility for one or more nursing units within a hospital or other health care organization.
Titles such as Bookkeeper, Controller and Chief Financial Officer CFO can get tossed around rather loosely in the small and medium size business world. Bookkeeper A bookkeeper performs basic financial record keeping and can create simple financial reports.
A bookkeeper will typically perform the following basic tasks: Keep accurate records of financial transactions and can create basic financial statements Income Statement and Balance Sheet using your accounting software.
Although the tasks are basic, attention to detail is of the utmost importance in the bookkeeping profession. A few data entry errors can cost your company a significant amount of time and money. The bookkeeper, or the accountant, of your company is an essential element of your administrative team.
Controller Adding a controller adds more power to your financial management. In fact, a good controller will pay for itself in a growing company that needs more advanced systems by helping to keep costs under control and by helping to better manage cash flow.
A controller performs the following tasks: A controller will either perform all of the functions of a bookkeeper, or supervise the staff that does.
They can create customized daily, weekly and monthly financial reports to meet the specific needs of your business. They have the knowledge to choose and maintain financial software.
They can take over the basic cash flow management of the business. But major cash flow decisions will still be up to the business owner. A good controller is worth their weight in gold to any small or medium size business where cash management is a strategic factor in success.
Supervise accounting and operational departments and can perform all functions of a Controller.
Also looks at the story behind the numbers, not just the numbers, and drives toward data-driven decision making. Create complex financial projections to aid in strategic decision making, and is an active player in the strategic management of the business. Direct the business in the development of an effective capital structure by securing debt financing at attractive terms, managing the lender relationships and ensuring compliance to the debt terms.
Focus on effectiveness and efficiency of operations, reliability of financial reporting, and compliance with laws and regulations.
Be the key contact for financial relationships in the banking and legal community as well as with major vendors and clients. In conclusion, there is a significant strategic and tactical difference between the value a CFO brings to the leadership of a business and that of a Bookkeeper.
Because most small and medium size businesses cannot afford a full time CFO, then a part time CFO would be an ideal arrangement.
The key is to find a CFO that can be your trusted advisor and provide financial, operational and business insights.
If you have any questions or comments about this post, contact us.Although mediation and arbitration have the same goal in mind, a fair resolution of the issues at hand, there are some major differences which both parties must understand beforehand. Staff and line are names given to different types of functions in organizations.
A "line function" is one that directly advances an organization in its core work. This always includes production and sales, and sometimes also marketing. A "staff function" supports the organization with specialized advisory and support functions.
Most debtors who file bankruptcy, and many of their creditors, know very little about the bankruptcy process. The following is designed to assist the general public by providing basic answers to some of the most commonly asked questions. Although the terms nurse administrator and nurse manager are sometimes used interchangeably, there is usually a difference in the overall responsibility, duties and salary for the two positions.
HR Management vs Personnel Management. While digging for the difference between Human Resources Management and Personnel Management, you are most likely going to get very divergent views, depending on which sphere of experts you question.
Management vs Administration. Management and administration may seem the same, but there are differences between the two. Administration has to do with the setting up of objectives and crucial policies of every organization.