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Welcome Scott Goodrich

Focus CFO

Scott has more than 20 years of diverse Finance and Accounting leadership experience spanning companies of all sizes and across multiple industries that include manufacturing, distribution, and professional services.

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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. . This information was available from their enterprise resource planning (ERP) system. Understanding the cause was the first step to returning to profitability. The Solution.

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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. The general ledger layout is generic in nature. The company has never created a budget for planning purposes.

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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. Dynamic Planning Tailored to Every Need.

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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. This involves planning for the future. They may review the general ledger or take direction from an accounting manager or controller to make adjustments to the entries that are made. Company Size.

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Your Inventory Value Report

CFO Simplified

Enterprise resource planning (ERP) is a system that helps businesses track and manage information related to their operations. 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

Upgrading simple accounting software to an ERP (Enterprise Resource Planning) system that is going to manage every aspect of the company from operations to accounting and finance, and sometimes even sales and customer relations is no small task. There is a significant amount of planning that needs to take place. Location – St.