article thumbnail

How to Calculate Your Profitability: A Case Study

CFO Simplified

Manufacturing variances were caused by a variety of factors, but the summary general ledger (GL) postings didn’t provide an answer. . With everyone keeping their eye on the ball, the number of production problems dropped. Understanding the cause was the first step to returning to profitability. The Solution.

article thumbnail

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

Planful

At medium to large companies, you could be looking at many different spreadsheets with data sourced from various financial applications, and you have no idea how accurate those numbers are or whether you’ve got the latest version. Golden State Foods is a privately held food manufacturer and distributor based in Irvine, CA.

Numbers 40