by Zoltan Szentirmay | Dec 9, 2024 | Accounting, Construction, Costing, Project Management
In the realm of project management, understanding how to effectively value Work in Progress (WIP) is pivotal for maintaining budget control and ensuring a project progresses on schedule and within its financial bounds. WIP, an integral aspect of the managerial...
by Zoltan Szentirmay | Nov 18, 2024 | Accounting, Pricing
In any business, inventory plays a pivotal role in operations and financial health. As a Chief Financial Officer (CFO) with a penchant for content writing, I have observed that understanding how to accurately value inventory is crucial for maintaining profitability...
by Zoltan Szentirmay | Sep 13, 2024 | Accounting, Budgeting, Business Building
Today’s journey takes us into the heart of our operations – managing manufacturing overhead costs. These aren’t just any expenses; they’re the winds and currents that can sway our journey profitably or plunge us into losses. Keeping a vigilant eye on...
by Zoltan Szentirmay | Aug 27, 2024 | Accounting, Business Building
In business, timing can mean everything – especially regarding significant decisions like hiring a Chief Financial Officer (CFO). For Australian small business owners, pondering whether they’re earning enough to afford a CFO is a typical stage. But the real...
by Zoltan Szentirmay | Aug 12, 2024 | Accounting, Business Building, Pricing
In the high-speed world of business, the ultimate quest is for profit. But making a profit is more than just selling — it’s about strategic decisions and expert quoting. Gross Profit Percentage Key to your victory is Gross Profit Percentage, or GP%, a true...
by Zoltan Szentirmay | Aug 6, 2024 | Accounting, Costing
In the city’s heart thrives a café, its aroma of freshly brewed coffee mingling with the sounds of a new day. Here, amidst the steam and the clink of cups, a tale of ambition and astuteness unfolds. The owner, once grappling with slim margins, now stands as a...
