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Keep Proprietary Processes Secret

CFO Simplified

Business – Manufacturer of industrial models. One made stock models that were sold from a catalog, and the other produced structural prototypes of critical manufacturing components for major corporations. Financial Reporting and Accounting. The general ledger layout is generic in nature.

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Dealing with Obsolete Inventory

CFO Simplified

For manufacturers, retailers, or wholesale distributors, inventory is likely the largest item on their balance sheet. Business – Dress Manufacturer. Unfortunately, financial reporting had been inconsistent, so the owners wanted help putting together a set of financials that the bank would accept. Recommendations.

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Comptroller vs. Controller: What Is the Difference?

Michigan CFO

Some of their general responsibilities are highlighted below. Financial reports and records. By keeping accurate records of financial transactions with a general ledger, comptrollers and controllers can monitor cash flow and manage finances effectively. CFO for Manufacturing Companies.

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Your Inventory Value Report

CFO Simplified

The President of CFO Simplified, Larry Chester , shares the importance of inventory value reports with us. . What is the Inventory Value Report? An inventory value report is a financial report that lists the value of a company’s inventory at a specific point in time. Final Thoughts.

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The Upgrade Challenge

CFO Simplified

Business – Industrial seating manufacturer. The financial reports were no better than with the old software. And, on top of that, even though the balance sheet totals matched the totals in their old system, the numbers didn’t match the subsidiary reports that supported it. Location – St. Louis, Missouri.

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Year-End Close and Reporting: What’s Behind the Numbers?

Planful

You’ll also learn about the steps one company took to transform its financial close and reporting process into a smooth and painless procedure. High-Quality Data: The Linchpin to a Smoother Financial Close. The biggest obstacle to accurate financial reporting is not having a single source for reliable financial results.

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10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

Adaptive is one option companies use for modeling, budgeting, forecasting, and financial reporting. In addition to offering financial and sales planning solutions, Workday Adaptive also caters to workforce and operational planning needs. Automated reporting also enforces compliance with GAAP and IFRS standards.