Work in progress can distort financial statements when it is not tracked correctly. For growing companies in construction, manufacturing, and project based environments, inaccurate WIP reporting can lead to margin surprises, cash flow strain, and poor strategic decisions. What is WIP in Accounting? WIP accounting is the method of recording partially completed goods or projects
As companies grow, financial decisions will often outpace the systems supporting them. Hiring a full time CFO might seem premature, yet operating without financial leadership starts to cause problems. An interim CFO fills this gap by providing experienced guidance, without having to commit to a permanent executive. What an Interim CFO Does Interim CFOs provide
Businesses call us for many reasons but here are two very common reasons why we get called…They are growing and want to strengthen the financial function.ORThey are in financial distress and can’t find a way out. Why does a business need to be bankable? What does being bankable mean? In this wikiCFO® Article, we are
At Strategic CFO® we hear this all the time from entrepreneurs: “My CPA handles everything.” That assumption works when you are running a small business. A tax CPA, a bookkeeper, and basic accounting systems/softwares can cover the basics. But once your revenue pushes past five million, that setup is not enough to support growth. One
In manufacturing, inventory is more than just what sits in the warehouse, it is a financial lever that affects profitability, taxes, and compliance. The accounting method you choose to value inventory directly influences Cost of Goods Sold (COGS), gross margins, and even strategic pricing decisions. Because inventory often represents 20 to 60% of total assets
Mastering the Discipline of the Financial Leader: A 2025 Perspective Michael Gerber said it best in E-Myth Mastery: “There is nothing in the creation and operation of a company that so seemingly conspires to confuse, intimidate, overwhelm, complicate, rationalize, and metastasize the plain ignorance of the average business guy, or woman, than money” (p. 172).
