CFO Simplified

APRIL 17, 2022

This CFO Simplified client watched profitability slowly disappear—until they incurred a $125,000 loss. Manufacturing variances were caused by a variety of factors, but the summary general ledger (GL) postings didn’t provide an answer. . A CFO can help ensure your business’ profitability is at its best. The Problem.

General Ledger (GL) 92

General Ledger (GL) Profit and Loss General Ledger CFO 92

CFO Share

JULY 14, 2022

Too many general ledger (GL) accounts. Unsophisticated GL structures. Unusable financial statements come from one or many distinct sources. The leading causes include: Poor monthly bookkeeping processes, including invoicing, billing, coding, and accruals. Performing cash basis accounting instead of accrual basis.

General Ledger (GL) 52

General Ledger (GL) General Ledger Profit and Loss Invoicing 52

CFO Share

SEPTEMBER 23, 2023

The Perils of Overcomplicating Your General Ledger Mistake: Creating a general ledger (GL) account for nearly every type of expense. GL accounts are easy to create but difficult to get rid of. Impact: Complex GL’s lead to confusion and inefficiency, obscuring vital financial insights.

General Ledger (GL) 52

General Ledger (GL) General Ledger Accounts Payable Communication 52