Taking the Guesswork out of Accounting

Taking the Guesswork out of Accounting   By:  Erin Mahan I don’t know if any of my numbers are correct!  I feel like I’m guessing at all of my figures!  How am I supposed to come up with an accurate financial statement if I don’t know how much anything costs for sure?  I’m the CFO of a major converting company, …

Separating Sales and Production: The Key to Solving Problems

Separating Sales and Production: The Key to Solving Problems By:  Erin Mahan Pretend that you are the President of a paper converting company.  It’s 10:30am on a Tuesday, and you’re at your desk going over the numbers on the latest order.  You notice that the profit margin on the order is significantly lower than it should have been.  You’re not …

On-Hand Inventory: The Best Way to Reduce It

On-Hand Inventory: The Best Way to Reduce It By: Erin Mahan Most business managers will tell you that a high level of on-hand inventory is a major cost to a company.  Excessive on-hand inventory means that goods are not being moved, causing a loss of cash flow for the company.  It begs the question then, what is the best way …

Necessary Changes

Necessary Changes By Erin Mahan If you’re anything like me, you don’t like change.  You like the way you do things or the way things are, and you have a hard time deviating from that.  In most areas, this traditional mindset is beneficial in that you trust in tried and true practices or principles, and you’re not just carried away …