by Zoltan Szentirmay | Oct 14, 2024 | Costing
In the complex landscape of business management, maintaining a healthy cash flow is paramount to ensuring long-term success and stability. Our latest video dives deep into advanced cash flow strategies, providing business owners, CFOs, and financial managers with...
by Zoltan Szentirmay | Oct 10, 2024 | Costing
In today’s competitive business landscape, ensuring that your employees are working efficiently is crucial for maintaining productivity and profitability. But how do you gauge whether your team is performing at its best? Understanding and measuring employee efficiency...
by Zoltan Szentirmay | Oct 10, 2024 | Costing
Material usage variance is a pivotal metric in managing resources efficiently, whether in manufacturing and construction or in the hospitality industry. Proper tracking of how materials are used — and wasted — can uncover significant opportunities for cost-saving and...
by Zoltan Szentirmay | Sep 23, 2024 | Costing
Welcome to a practical exploration of labour and efficiency variances. We will stir together some numbers and uncover how they can tell us about a business’s financial health, like checking the temperature to see if a cake is baked right. The Simple Formulas...
by Zoltan Szentirmay | Sep 16, 2024 | Costing
Greetings, navigators! Welcome aboard the S.S. Enterprise! Today’s voyage delves into the choppy waters of Labour Rate Variance. Sit tight as we unravel this crucial component of managing our ship’s finances.” Imagine setting sail, expecting fair...