CFO General Ledger Profit and Loss 
CFO Thought Leader
OCTOBER 29, 2024
The company operated two businesses: one generating about $30 million in EBITDA, while the other incurred annual losses of roughly $10 million. Gronen proposed a strategy to merge the two operations, consolidating efforts to increase profitability. Gronen: Yooz is an AP (accounts payable) automation and payments company.
CFO Simplified
APRIL 17, 2022
As Iowa State University reminds us, “profitability is the primary goal of all business ventures.”. Business leadership is often responsible for measuring current, past, and future profitability. But what is profitability? This CFO Simplified client watched profitability slowly disappear—until they incurred a $125,000 loss.
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CFO Simplified
APRIL 15, 2022
Bringing Value Through CFO Insights. The bank reported a loss of confidence in management as a result of the inconsistent financial reporting. Reconcile the general ledger balances from the start of the year. Business owners are always concerned about company profits. Inventory is a tool to achieve profitability.
CFO Share
JULY 14, 2022
Do your profits and cash flows make no sense? Too many general ledger (GL) accounts. Too many general ledger accounts. That can lead to “GL diarrhea”: too many ledgers, multi-page P&Ls, and unusable financial statements. Accurate costing is key to a useable profit and loss statement.
CFO Share
MAY 22, 2024
Small businesses have three key financial reports: the balance sheet the income statement (aka profit and loss statement) the cash flow statement A statement of retained earnings is a fourth report common for large, public corporations, but isn’t as useful for small businesses. You won’t be able to sell your business.
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