CFO Share

MAY 22, 2024

Small businesses have three key financial reports: the balance sheet the income statement (aka profit and loss statement) the cash flow statement A statement of retained earnings is a fourth report common for large, public corporations, but isn’t as useful for small businesses. You won’t be able to sell your business.

Profit and Loss 105

Profit and Loss General Ledger Accounting Financial Reporting 105

CFO Share

MARCH 14, 2022

QOE reports go beyond the balance sheet and profit and loss statement – they challenge the underlying data through rigorous testing and management interviews to assess accuracy, and risk. Sellers order a Quality of Earnings report before soliciting buyers to uncover any problems that might disrupt the sale.

Auditing 52

Auditing GAAP Accounting Principles Profit and Loss 52

CFO Share

JULY 14, 2022

Do your profits and cash flows make no sense? Most small businesses do not know the ins and outs of cost accounting, meaning they leave costs down in operating expenses (or have no costs at all, so gross profit = sales.) 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

Jedox Finance

OCTOBER 29, 2021

From overarching sales targets to more specific sub-goals and milestones, how should they be defined? In this blog post, we look at sales targets and goal setting from different perspectives and discuss what to consider when defining them. Sales targets should always be planned bottom-up and top-down. Target market?

Sales 116

Sales Profit and Loss Reconciliations Planning 116

Planful

JULY 12, 2021

You might use automation to automatically extract accounts receivable data and feed it into your forecasting system for the financial consolidation process and reconciliation process, saving hours of finance teams’ time and minimizing errors. SmartyPants Vitamins switched to Planful to automate sales and trade spend reporting.

Financial Planning and Analysis (FP&A) 40

Financial Planning and Analysis (FP&A) Planning Forecasting Budgeting 40

Barry Ritholtz

OCTOBER 3, 2023

Now, there was one really important part of, of that as part of my job training, I was sent to the big sales offices to learn how the product was sold. One of the big sales offices was out in Long Island in Garden City. He knows how to manage risk, and he knows how to trade for a profit for a p and l. Or who has this profit?

Marketing 105

Marketing Treasury Banking Profit and Loss 105