January 2021

For your full board, you may prefer to present a set of financial reports that collapses, or rolls up, related line items so that a much smaller number of revenue and expense categories are displayed. A condensed financial report can better focus your board on strategic questions like how much you should keep in reserves […]

Not only does it help ensure that products are priced competitively, but it also helps ensure that they are profitable and sustainable in the long run. This is the cost of indirect materials and indirect labor required to produce the product. Indirect labor might consist of supervisors, maintenance personnel, and office staff. This is the