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.
CFO Share
JULY 14, 2022
Too many general ledger (GL) accounts. Unsophisticated GL structures. Too many general ledger accounts. Accounting software makes it easy to add GL accounts but hard to remove them. That can lead to “GL diarrhea”: too many ledgers, multi-page P&Ls, and unusable financial statements.
CFO Share
SEPTEMBER 23, 2023
Overcomplicating the General Ledger and Chart of Accounts. 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.
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