Your SlideShare is downloading. ×
0
Algonquin Accountant Reveals 10 Most Common Financial Mistakes
Algonquin Accountant Reveals 10 Most Common Financial Mistakes
Algonquin Accountant Reveals 10 Most Common Financial Mistakes
Algonquin Accountant Reveals 10 Most Common Financial Mistakes
Algonquin Accountant Reveals 10 Most Common Financial Mistakes
Algonquin Accountant Reveals 10 Most Common Financial Mistakes
Algonquin Accountant Reveals 10 Most Common Financial Mistakes
Algonquin Accountant Reveals 10 Most Common Financial Mistakes
Algonquin Accountant Reveals 10 Most Common Financial Mistakes
Algonquin Accountant Reveals 10 Most Common Financial Mistakes
Algonquin Accountant Reveals 10 Most Common Financial Mistakes
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Algonquin Accountant Reveals 10 Most Common Financial Mistakes

773

Published on

Business Owners Beware: Top Toxic Financial Mistakes, Algonquin Accountant Dale Kubiesa www.CFO-accounting.com

Business Owners Beware: Top Toxic Financial Mistakes, Algonquin Accountant Dale Kubiesa www.CFO-accounting.com

Published in: Business
2 Comments
0 Likes
Statistics
Notes
  • Be the first to like this

No Downloads
Views
Total Views
773
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
0
Comments
2
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. 10 of the Most Common, Most Damaging Financial Mistakes Business Owners Make and How to Avoid Them Part One in a Two Part Series Mistakes 1 Through 5 www.CFO-Accounting.com Financial Mistakes You Can Avoid! Dale Kubiesa, MBA, CPA, CFO The Accounting-CFO Brutally Honest, Trusted Advisor 847.458.8477
  • 2. Algonquin, Illinois Accountant Background
    • Dale Kubiesa is a certified public accountant with more than 25 years experience.
    • 15 years service as a strategic advisor to small and medium-sized businesses
    • Undergraduate Degree in Commerce and
    • MBA from DePaul University
    • Recognized Expert
      • Commercial Real Estate Strategy and Valuation
      • Tax Compliance Issues
      • Overall Financial Strategies
      • Ratio Analyses
  • 3. Financial Mistake #1: Acting on Inaccurate or Untimely Information
    • Many believe accounting done solely for year end or end of quarter tax compliance
      • Too Late For
        • Costs vs. Estimate Comparisons
        • Managing Profitability of
          • Overall Company
          • Each Division
          • Each Job
      • Accounting Systems & Processes Should Be the Foundation of Your Financial Success
  • 4. Financial Mistake #2: Failing to Use More Than One Set of Books
    • Perfectly Legal and Sensible!
    • Different Data for Different Reasons
    Generally Accepted Accounting Principles Tax Compliance Format Managerial Format
  • 5. Financial Mistake #2 (cont.): Failing to Use More Than One Set of Books
    • Generally Accepted Accounting Principles
      • For Your Banker
      • Does Little in Running Your Business
    • Managerial Format
      • For Managing Profitability and Costs
      • By Segments and Profit Centers
        • Products & Services
        • Geographic Area
        • Crew or Service Team
    • Tax Compliance Format
      • Saves Time & $$ in Tax Prep
  • 6. Financial Mistake #3: Failing to Monitor Performance on a Timely Basis
    • Monthly, Weekly, or Daily
    • Using Managerial Books
    • Daily Feedback Mechanism
      • Simple to Complete
      • Provides Necessary Overview
        • To Make Timely Adjustments
        • To Manage Professionally & Profitably
  • 7. Financial Mistake #4: Not Understanding Why Your Profits or Sales Are Not Growing
    • Timely Analysis of Sales vs. Projections
    • Expanded View of Marketplace
    • Comparison vs. Competition
      • Pricing
      • Product Quality
      • Customer Service
    • Combined External View & Managerial View Enables Course Correction
    • - Sooner Rather Than Later!
  • 8. Financial Mistake #5: Letting Overhead Get Out of Control
    • Only a Problem in Slow Times
    • Must Balance Current Needs &
    • Future Ups and Downs
    • In General – Keep Fixed Cost Low & Remaining Costs Variable
      • Caution! – This May Mean Lower Profitability on Percentage Basis
  • 9. Want Help Avoiding These Mistakes?
    • For More Details & Examples
    • Get the free, yet powerful White Paper here
    • Algonquin Accountant White Paper
    • www.cfo-accounting.com/cfo-resources.html
    • Call Dale Kubiesa to Discuss Your Situation
      • At the end of the call we’ll decide whether or not I can be of assistance & either way we’ll part as friends.
    More Options
  • 10. Want Help Avoiding These Mistakes?
    • For More Details & Examples
    • Rather listen than read? Download the Podcast
    • Algonquin Accountant Podcast
    • www.cfo-accounting.com/cfo-resources-pod.html
    • Call Dale Kubiesa to Discuss Your Situation
      • At the end of the call we’ll decide whether or not I can be of assistance & either way we’ll part as friends.
    Dale’s Info
  • 11. Contact Information
    • Dale Kubiesa
    • MBA, CPA, CFO
    • The Accounting-CFO
    • Brutally Honest, Trusted Advisor
    • 847.458.8477
    www.CFO-Accounting.com

×