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Channel: William Vaughan Company Costing for Profitability » business profitability
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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...

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Cost 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...

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Cost 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...

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Profitability & 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....

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Maintaining 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...

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Cost 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...

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The 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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