CFO Simplified

APRIL 15, 2022

The company used Cash Basis accounting for their operating statements because taxes were calculated on a Cash Basis. When sales grew, profitability looked strong because cash came in within 48 hours, but the company’s bills weren’t due for 60 days. Accurate financial reporting is critical for any company.

Financial Reporting 52

Financial Reporting Cash Flow Forecasting Profit and Loss Forecasting 52

CFO Simplified

SEPTEMBER 11, 2023

What you need to know is how to manage the cash by predicting not only your cash needs and future availability, but also measuring how well you used your cash last month. Of course, planning is the key to any successful activity, and cash is not excluded from the planning cycle.

Cash Flow Forecasting 52

Cash Flow Forecasting Forecasting Profit and Loss Financial Reporting 52

CFO Simplified

JUNE 1, 2023

Most business owners get financial reports monthly: Profit and Loss, Balance Sheet, Statement of Cash Flows. The problem is, those monthly reports show your financial performance in the past — what has already occurred in your business. For example, do you have a cash flow forecast?

Cash Flow Forecasting 52

Cash Flow Forecasting Profit and Loss Strategic Planning CFO 52

CFO Simplified

FEBRUARY 17, 2022

But sometimes the plans are erratic, spur of the moment, or not fully formed. How do you make sure that the right plan is in place, and there’s enough money to do it? The company opened an eBay store and turned the trade-in losses into a new profit center. Financial Reporting. Initial contact-.

Profit and Loss 52

Profit and Loss Cash Flow Forecasting CFO Financial Reporting 52

CFO Simplified

FEBRUARY 17, 2022

But understanding your company’s profitability is critical to making the right decisions. Confusion over cash-versus-accrual reporting creates continuing questions for business owners. The business’ part-time CFO was providing financials that didn’t match the reports they received from their accountant.

Accounting 52

Accounting Retail Profit and Loss Cash Flow Forecasting 52

CFO Simplified

FEBRUARY 17, 2022

But budgeting is vital because it’s the company’s plan for the coming year. No plan can be created without good, reliable data and analysis. Bring Value through CFO Insights: Like any forecasting tool, proper budgeting allows management to make decisions that can help the company avoid future problems. Sales – $25,500,000.

Budgeting 52

Budgeting Cash Flow Forecasting Profit and Loss CFO 52

Creative CFP

NOVEMBER 2, 2020

The cash flow statement is the final piece of the puzzle when it comes to the monthly management reports that we prepare here at Creative CFO. This is without a doubt one of the most important and often overlooked financial reports within the monthly report pack. In essence, profits do not always equal cash.

Profit and Loss 52

Profit and Loss Cash Flow Forecasting Invoicing CFO 52