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MFG MONKEY | Jason Kruger: Driving Value and Evaluating Expenses
Manage episode 420864803 series 3565046
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Dustin and Jason dive into the importance of accounting in business, discussing how to prepare for a recession, what nonprofits need for annual audits, and how to close books accurately and prevent fraud. They touch on challenges with accounting software and the need to understand profitability and cash flow. Jason emphasizes evaluating expenses to ensure they add value and meet goals, stressing the importance of accurate financials, forecasts, and budgets for better decision-making. They also highlight building trust with banks for funding, the challenges nonprofits face in gaining trust and raising funds, and the crucial role of good bookkeepers and advanced accounting expertise for accurate reporting.
Guest Contact Information
jkruger@signatureanalytics.com
https://www.linkedin.com/in/jason-kruger-a0b159b/
Website
Signature Analytics
https://signatureanalytics.com/
If you have any questions, comments, or topics you'd like to hear about in future episodes, please let us know!
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https://mcmillancomfg.com/blog/
Contact us at: info@mfgmonkey.com
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Chapters
00:00 Introduction and Weekend Plans
04:31 Weatherproofing Your Business for a Possible Recession
07:22 Choosing the Right Accounting Software
10:05 Understanding Profitability and Cash Flow
34:58 Building Relationships with Banks and Securing Funding
41:23 Financial Credibility for Nonprofits
53:01 The Role of a Good Bookkeeper and Higher-Level Accounting Expertise
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