CFO, General Ledger and General Ledger (GL)

How to Calculate Your Profitability: A Case Study

CFO Simplified

APRIL 17, 2022

This CFO Simplified client watched profitability slowly disappear—until they incurred a $125,000 loss. Manufacturing variances were caused by a variety of factors, but the summary general ledger (GL) postings didn’t provide an answer. . A CFO can help ensure your business’ profitability is at its best. The Problem.

General Ledger (GL)

General Ledger (GL) Profit and Loss General Ledger CFO

How do I clean up my financial statements?

CFO Share

JULY 14, 2022

Too many general ledger (GL) accounts. Unsophisticated GL structures. Too many general ledger accounts. Accounting software makes it easy to add GL accounts but hard to remove them. That can lead to “GL diarrhea”: too many ledgers, multi-page P&Ls, and unusable financial statements.

General Ledger (GL)

General Ledger (GL) General Ledger Profit and Loss Invoicing

Avoid these bookkeeping mistakes as a small business owner

CFO Share

SEPTEMBER 23, 2023

Overcomplicating the General Ledger and Chart of Accounts. The Perils of Overcomplicating Your General Ledger Mistake: Creating a general ledger (GL) account for nearly every type of expense. GL accounts are easy to create but difficult to get rid of.

General Ledger (GL)

General Ledger (GL) General Ledger Accounts Payable Communication

Corporate Finance Brief

How to Calculate Your Profitability: A Case Study

How do I clean up my financial statements?

Avoid these bookkeeping mistakes as a small business owner

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