One of the hardest decisions a business owner makes is what to charge. Done wrong, it can lead you to ask where have all the profits gone?| CFO Simplified
Of course, you know the answer! You buy raw materials, you pay your staff, rent and utilities and you sell what you make. But if you’re only looking at those few numbers, you are not able to make the changes you need to make your business more profitable. Your income statement is the summary, the […] The post Profitability Challenge<br />How does your business make a profit? appeared first on CFO Simplified.| CFO Simplified
One of the hardest decisions a business owner makes is what to charge. Done wrong, it can lead you to ask where have all the profits gone?| CFO Simplified
Meet The Team Larry Chester President Larry has served as a CFO for 25 years for companies including Colovos Company, Republic Windows and Doors, United Service Companies, and High Sierra Sport Company, helping them eliminate losses and improving financial operations and reporting. Realizing that he enjoyed the challenges of helping companies that were working their […]| CFO Simplified
Helped us overcome some of our immediate challenges… | CFO Simplified
Operational Efficiency It goes without saying that everything that happens in your company, no matter how small, shows up in your financials. Whether it is a piece of equipment that needs repair before the job could start running, or the clerk that has to spend 2 hours a week sorting orders before they are ready […]| CFO Simplified
Full QuickBooks Support, Bookkeeping and Payroll Services QuickBooks File Setup or Repair/Update Whether you are just starting out, or have been using QuickBooks for a while, our QuickBooks experts will make your accounting experience painless. File Setup – Our QuickBooks Experts will get you started right. The first step is to understand your business, and […]| CFO Simplified
Strategic Planning & Market Guidance The role of a CFO is a critical one to drive business growth based on real metrics, reports, and trends. One crucial task is to analyze your business and implement an effective strategic plan based on market trends, forecasts and your goals and aspirations. Where is your company now, and where […]| CFO Simplified
Performance Tracking Businesses should be continuously tracking performance to identify potential issues and make room for improvement. This can be surprisingly complex and involves more than simply reviewing financial reports each month or quarter. A significant amount of data can go into performance tracking. Maybe the most complex part is identifying the Key Performance Indicators […]| CFO Simplified
Financial Reporting Businesses engage in many different transactions on a daily basis, and it is important to properly organize information regarding operational expenses and revenue so that the profitability of each revenue stream can be identified and analyzed. Accurate financial reporting allows for easy review and analysis of transactions and trends, and this is a […]| CFO Simplified
Budgeting & Expense Control Often, effective budgets distinguish successful companies from their competition. It does not matter how much revenue you bring in if your expenses are out of control. Effective budgeting takes time, however. It needs to include a thorough analysis of expenses and research into possible changes to the overall budget and business […]| CFO Simplified
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