CFO Simplified

APRIL 17, 2022

As Iowa State University reminds us, “profitability is the primary goal of all business ventures.”. Business leadership is often responsible for measuring current, past, and future profitability. But what is profitability? This CFO Simplified client watched profitability slowly disappear—until they incurred a $125,000 loss.

General Ledger (GL) 92

General Ledger (GL) Profit and Loss General Ledger CFO 92

CFO Share

JULY 14, 2022

Do your profits and cash flows make no sense? Is your balance sheet littered with negative numbers and old, incorrect figures? Too many general ledger (GL) accounts. Too many general ledger accounts. Accurate costing is key to a useable profit and loss statement. Unsophisticated GL structures.

General Ledger (GL) 52

General Ledger (GL) General Ledger Profit and Loss Invoicing 52

Creative CFP

OCTOBER 2, 2020

There is drill-down functionality available from the general ledger, and you can click right through to the supplier invoice. When you pay the foreign supplier or receive money from a foreign client, Xero calculates the foreign exchange profit and loss and posts the journals automatically. Fixed assets are a breeze.

Accounting 52

Accounting Finance Cash Flow Forecasting General Ledger 52