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What Problems Does Your Solution Create?
Have you ever heard this phrase before? Theoretically, it must be true. Every time we address a problem and believe we have come to a resolution, it often creates another “problem” or “challenge”. It...
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Don’t Forget About G&A and Your Profit!
Last week I talked about my client who had a change in his sales volume and was wondering if he whether or not he should take on an additional low margin job. If you read my blog, you know that I said...
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Barriers to Transitioning Your Cost System?
A frequent topic in today’s business news relates to current management’s unwillingness to accept new and more robust cost systems and how the delay in adopting a new cost system is expensive to...
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Change A Number, Change Views
Even though my true passion lies in costing models and the profitability of businesses, during tax season I must return to my true job, tax returns! This week, I made a mistake. Well, actually two! I...
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Cut the Accounting Gimmicks!
I recently attended the “Monster Jam” Monster truck event at the local arena in town and it was a lot of fun. There were of course gimmicks or tricks among the racers, the announcer had his own...
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Profit Does Not = Cash
Recently, I was talking with one of my new business tax return clients and she commented to me that she realized she had a tax profit this year but it did not seem to have much to do with her cash. We...
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Taking it to the Next Level
This was the first Saturday “post-wrestling” season. Last Saturday, my son was awarded the prize for points leader in his age group for Monroe County wrestlers. He won first place at every tournament...
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Why is Costing Always Last?
I recently met with a potential client to discuss the current state of their costing system. There were numerous problems associated with the system and most of the management team had learned to stop...
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Basic Training for Future Management Leaders
I was talking to client a few days ago concerning a training program for future leaders of the company. The CFO was charged with the responsibility to see that the management trainees were instructed...
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Does Your Budget Leave A Lot To Be Desired?
If you have been reading my blogs for a while, then you know I am a big advocate for budgets. If this is the first blog you’ve read of mine, well I’m a big budget advocate! However, a poorly prepared...
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Reporting Useful Costing Data
I was having lunch a couple days ago with a controller from a manufacturing company. He was talking about the new ERP software system that was implemented and how well it had been working. He explained...
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Transparency vs. Complexity
This service company includes a group of highly paid professionals and a team of technicians that offer technical support for the services the company provides. These skill levels were generally...
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Simple or Better? Which Costing Information Is King?
You have heard us argue time and again that simplicity is better than complexity in the spirit of transparency. I am not arguing against this notion, but instead, I believe sometimes there is better...
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William Vaughan Company Costing CPE
The William Vaughan Company consulting team is proud to announce Why Guess? Mastering the Fundamentals of an Accurate Cost System, a CPE course unlike any other that finally takes an in-depth look into...
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Resolution 2015: Question Your Reports
It is the time of year for resolutions. Something about a fresh start of a new year gets most people in the spirit of improvement. Many common resolutions are to get into shape, to lose weight, to eat...
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Is Standard Costing Outdated?
Have you ever walked into an outdated home or business and think you just did a time-warp back to 1976? The shag carpet, the deep brown color, and the kitchen with its orange flowers make you want to...
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