Profit Does Not = Cash
Recently, I was talking with one of my new business tax return clients and she commented to me that she realized she had a tax profit this year but it did not seem to have much to do with her cash. We...
View ArticleCost Accounting for Everyone
We’re beginning our latest cost assignment this week, where we have been asked to assist a very successful start-up company operating in a high-tech industry. This entrepreneur is quite talented and...
View ArticleCost Accounting With A Varying Crew Size
We recently toured the facilities of a rather small, but technically sound manufacturing firm in Northwest Ohio. This client we have worked with for many years and they have decent costing information...
View ArticleProfitability & Pricing At The Right Value
Typically we deal with manufacturing clients, but it is important to note that costing can be applicable to a variety of industries. I recently began a costing project for a non-manufacturing client....
View ArticleMaintaining Your Profitability & Avoiding Fiscal Slippage
My last post was about a service based company and assisting the owner in determining her rates to help her become more profitable. We discovered that the owner did not consistently charge the rates...
View ArticleCost Accounting is NOT Dead!
I recently was reading a blog post about how cost accounting is dead. This post talked about how all major manufacturing companies, especially Toyota, do not use cost accounting. According to this...
View ArticleThe Value Of A Chart of Accounts
How important is a chart of accounts? Does it matter what is in your chart of accounts? Does it make you more profitable or better at what you do? I am curious to hear your answers. I would tend to...
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