Tag: financial management

Find Gold by Controlling Inventory

Parts come in from lots of directions – picked up at stores, delivered to client sites, delivered to our shop. Parts also go out the door lots of ways: stocking up trucks, installed at client sites, sit around before…

Cleaning Up Your Credit Line

Our Credit Line has an annual requirement to get out of the line for 30 days, and that timeframe is nearing. We’re doing a lot better this year than last year; it’s mostly a timing issue. I’m not confident we can clean up the credit line within the 12 months, as our bank requires. What should I do?

Means to Making More Profit

It's been a tough 2 years. We've kept adding new clients, but at lower profit. We now need to figure out how to boost up the amount of profit we're making on many of our jobs. What are your…

Bank Won’t Deal With Me

Need help dealing with the bank. Next few months will be tough. Cash flow is already tight and taxes are coming up. If I had a bigger credit line to draw on, I'd be more comfortable, but my bank…

Defining the Finance Role

Results of an accounting study: Errors committed by employees with post- graduate degrees have losses five times greater than those with high school degrees; fraud was estimated at 6% of a typical company's total revenue. Finance has been handled…