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. Sales – $45,000,000 annually. Location – Central Wisconsin.

Financial Reporting 52

Financial Reporting Cash Flow Forecasting Profit and Loss Forecasting 52

CFO Simplified

SEPTEMBER 11, 2023

I think that the Statement of Cash Flows is the disrespected stepsister of financial reporting, much like Cinderella. So, let’s look to see how this Cinderella report can help you plan for and understand your use of cash. The Cash Flow Forecast is a predictive tool.

Cash Flow Forecasting 52

Cash Flow Forecasting Forecasting Profit and Loss 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. Sales – $45,000,000 annually. Eliminate the sales manager position. Financial Reporting. Ownership – Two partners.

Accounting 52

Accounting Retail Profit and Loss Cash Flow Forecasting 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

Business – Sales, installation, and service of industrial compressed air systems. The company was profitable, but after some moves to expand the business, they were worried about depleting their cash reserves and using up their line of credit with the bank—which would put a halt to further expansion plans. Financial Reporting.

Profit and Loss 52

Profit and Loss Cash Flow Forecasting CFO Financial Reporting 52

CFO Simplified

FEBRUARY 17, 2022

Sales – $25,500,000. A detailed set of reports, complete with sales and costs by item group created a good starting point. Produce a set of trend-line reports for each item group for the past three years of sales. Then extend that trend-line till it shows the estimate of next year’s sales. Initial Contact –.

Budgeting 52

Budgeting Cash Flow Forecasting Profit and Loss CFO 52

CFO Share

OCTOBER 14, 2021

Increasing vendor expenses as a % of sales. Continuously shrinking cash despite profitable financial reporting. Negotiations do not always recover 100% of the losses, so you will need to write off a portion of the fraud as losses. Fraud management services typically include cash crisis management.

Profit and Loss 52

Profit and Loss Cash Flow Forecasting Restructuring Auditing 52