Think your accountant is managing your business’s finances? Think again.

In this eye-opening episode, Gavin Smith breaks down the real roles of a bookkeeper, an accountant, and a CFO. He explains why relying solely on any of them could be a massive mistake for your business. More importantly, Gavin shares what you actually need: a simple, plug-and-play CFO system that gives you financial clarity, cash flow confidence, and control without the huge overhead.

He explains how you, as the business owner, must stop outsourcing critical financial understanding, and instead empower yourself with the tools and insights to make smart, strategic decisions daily.

🎧 You’ll learn:

• The real difference between a bookkeeper, accountant, and CFO

• Why financial decisions shouldn’t be delegated blindly

• What most accountants focus on (hint: it’s not your growth)

• Why relying on a CFO (even a fractional one) can still backfire

• The power of using a CFO system instead of a high-cost hire

• How to protect your business from financial blind spots

  
  

Whether you're a startup or scaling past seven figures, this is the financial wake-up call you didn’t know you needed.

Jump to a chapter:

00:00 - What This Episode Covers  

00:10 - Why You Can't Rely on Finance Roles Alone  

01:07 - Bookkeeper: What They Actually Do  

01:31 - The Truth About Accountants  

03:15 - Your Accountant Isn’t Your Strategist  

05:04 - What a CFO Really Does  

06:17 - Why Most Businesses Can’t Afford One  

07:00 - Financial Clarity is Your Job  

07:29 - How Gavin’s CFO System Works  

08:40 - Why Financial Confidence Changes Everything  

09:46 - Recap: Who Does What  

10:05 - Where to Learn More

Get in touch: IG | https://www.instagram.com/theprofitanalyst/ Facebook | https://www.facebook.com/theprofitanalyst LinkedIn | https://au.linkedin.com/in/theprofitanalyst

🎙️ This podcast was brought to you by On Track Studio

📩 For advertising opportunities: [email protected]