YIDAO

The finance and tax questions manufacturers ask most

How can you tell which orders are losing money?

Look at the margin on each order rather than the monthly totals: match sales lines, costs and expenses to every order, rank profit by product and by customer, and the orders sold below cost surface.

  • The data needed: trial balance, sales detail, invoice detail, inventory and the journal, which most companies can export.
  • Jingying Tongbao runs on the company's own computer so data never leaves it, and produces product and customer profit rankings, receivables ageing against credit limits, and a rolling three-month cash forecast.
  • Common findings: the biggest customer is not always the most profitable; nobody watches receivables above the credit limit.

Have a specific problem and want a professional view on it?

Tell us the facts and we will tell you what kind of problem it is, how it is normally handled, and how far it can realistically be pushed on the evidence you have.

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