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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. 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. Bringing Value Through CFO Insights.

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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.

Finance 52
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Comptroller vs. Controller: What Is the Difference?

Michigan CFO

They both manage the accounting operations of public and private organizations, respectively. Some of their general responsibilities are highlighted below. By keeping accurate records of financial transactions with a general ledger, comptrollers and controllers can monitor cash flow and manage finances effectively.

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Your Inventory Value Report

CFO Simplified

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. . It is important to reconcile this report with your general ledger to make sure that the numbers are correct.

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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. Location – St. Louis, Missouri. Sales – $15 million.