Survey: Profit and Expense Controls

Profit and Expense Controls – Section 4 of 6

Job costing and tracking reports used weekly with clear assignment of responsibility for desired results.

Job costing and tracking reports produced and used regularly.

No regularly produced Job Costing or tracking reports.

Profit engineered, focused upon and the central theme of the company’s reporting and actions.

Profit goals established and utilized.

Profit treated as a residual–that which is left over after operating expenses.

Pricing utilizes break even and revenue management models.

Pricing based upon historical analysis and projections.

Pricing by old-fashioned “mark-up” methods then guess.

Inventory levels established, monitored and maintained. Obsolescence, damage and theft monitored and controlled.

Inventory controls include established re-order points and regular physical inventory.

Lack of control or plan for inventory.

Accounting and all reports provided in timely, accurate and usable format.

Accounting and reports provided regularly.

Accounting not used as a management tool.