3 ms·
This. I work for a retail sales company that has many different business units that have different financial statement formats. I wrote a daily report that ha
by voidmain0001 8y ago
This. I work for a retail sales company that has many different business units that have different financial statement formats. I wrote a daily report that harmonizes the disparate financial statements, creating a consistent view across all units, and then highlight various sales and expense categories. It has grown to include forecasting and goal tracking, and in my opinion is easy to understand, yet to this day unit managers will contact me with basic questions regarding sales vs gross profit. How they got into the position where they run a $1.5M/month sales operation is beyond me...
- tomcam 8y agoI consult for $25 million firm with great people that just grew too fast. Took them 8 years to get good numbers.
- voidmain0001 8y agoDo I assume that 'get good numbers' meant the company had massive expenses, and sloppy accounting, so it didn't have a clear and understandable balance sheet? In my case, the company has excellent accounting principles, but sales managers that don't know the difference between sales and gross sales.
- tomcam 8y agoThe former. Your company’s problems are also terrifying