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Your Inventory Value Report

CFO Simplified

The President of CFO Simplified, Larry Chester , shares the importance of inventory value reports with us. . If you’re a manufacturer or a wholesale distributor, you should be comparing the value in that inventory value report to one line on your general ledger, and that’s the value of inventory. .

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Your Ultimate Finance Department Checklist

CFO Simplified

The purpose of this checklist is to create structure around when to grow, what roles are essential at what business sizes, and how to benchmark your accounting department against industry standards. I [Larry Chester] once met a business owner who told me he had a small manufacturing plant outside Cincinnati. Company Size.

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Comptroller vs. Controller: What Is the Difference?

Michigan CFO

For instance, the Texas state comptroller, popularly referred to as the Texas Comptroller of Public Accounts, serves as “Texas’ chief financial officer — tax collector, chief accountant, chief revenue estimator, and chief treasurer for all of state government, as well as administrator for several other programs” according to comptroller.texas.gov.

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Dealing with Obsolete Inventory

CFO Simplified

For manufacturers, retailers, or wholesale distributors, inventory is likely the largest item on their balance sheet. Bringing Value Through CFO Insights. Business – Dress Manufacturer. The company also started a sportswear line, but that didn’t sell due to a significant manufacturing error in incorrectly sizing the items.

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The Upgrade Challenge

CFO Simplified

Business – Industrial seating manufacturer. General Ledger Dimensions – ERP systems allow true slicing and dicing of information gathered. Take advantage of the new capabilities of GL Dimensions by redesigning the Chart of Accounts for added flexibility. The post The Upgrade Challenge appeared first on CFO Simplified.