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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.

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Your Ultimate Finance Department Checklist

CFO Simplified

I [Larry Chester] once met a business owner who told me he had a small manufacturing plant outside Cincinnati. At month-end, the controller may review financial statements, taking a first look to weed out significant transaction errors and looking into numbers of exceptions. Company Size. Staff Accountant .

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A Platform for Every Dynamic Plan Your Business Needs

Planful

Financial planning is built around general ledgers, accounts, journal entries, cost centers, debits and credits. An income statement prepared for a global manufacturing conglomerate is very similar to one prepared for a local retailer. That’s because finance is fundamentally structured.

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Your Inventory Value Report

CFO Simplified

It’s just a bunch of numbers, right? This information is critical for a number of reasons that we’ll explore in this article. If you’re a manufacturer or a wholesale distributor, you should be comparing the value in that inventory value report to one line on your general ledger, and that’s the value of inventory. .

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The Upgrade Challenge

CFO Simplified

Business – Industrial seating manufacturer. 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. General Ledger Dimensions – ERP systems allow true slicing and dicing of information gathered. Location – St.

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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.

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

Onplan

Despite its extensive number of integrations, Adaptive has seen users complain that ERP integrations tend to break and require a long time and multiple support interventions to repair. Some of the industries that Centage caters to are finance and insurance, healthcare, manufacturing, and software. Key features.