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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. Manufacturing variances were caused by a variety of factors, but the summary general ledger (GL) postings didn’t provide an answer. . Let’s dive in. The Client. Let’s first set the scene.

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How do I clean up my financial statements?

CFO Share

Is your balance sheet littered with negative numbers and old, incorrect figures? Too many general ledger (GL) accounts. Unsophisticated GL structures. Unsophisticated GL structures. Do you group all wages into one GL account, or are they broken out by department? Incorrect costing or no costing.