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How to Calculate Your Profitability: A Case Study

CFO Simplified

Our client was a printing company located in North Central Illinois with sales of $19,200,000 and a second-generation owner. This CFO Simplified client watched profitability slowly disappear—until they incurred a $125,000 loss. A CFO can help ensure your business’ profitability is at its best. The Problem.

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How do I clean up my financial statements?

CFO Share

Too many general ledger (GL) accounts. Unsophisticated GL structures. Most small businesses do not know the ins and outs of cost accounting, meaning they leave costs down in operating expenses (or have no costs at all, so gross profit = sales.) Unsophisticated GL structures. Incorrect costing or no costing.