• Identify Red Flags In Your Small Business Financial Statements | Ep 7

  • 2025/04/02
  • 再生時間: 10 分
  • ポッドキャスト

Identify Red Flags In Your Small Business Financial Statements | Ep 7

  • サマリー

  • 🔍 How to Spot Red Flags in Your Financials & Avoid Costly Mistakes | Full Send CFO

    👉 Link to YouTube Video

    📢 61% of financials contain material misstatements. Are yours accurate? The financial reports you send to investors, stakeholders, and your board may be wrong—leading to bad decisions and financial surprises. In this episode, we break down:

    ✔️ How to identify critical errors in your financial statements

    ✔️ Common red flags that CFOs & accountants often miss

    ✔️ Why reviewing your financials monthly reduces cash flow surprises

    ✔️ Best practices to prevent reporting mistakes before they snowball

    ⏱️ Chapters

    00:00 - Most Financial Statements Are Wrong—Here’s Why

    00:26 - How Misstatements Lead to Bad Business Decisions

    01:17 - Common Accounting Errors That Impact Financial Ratios

    02:00 - Balance Sheet Red Flags: Negative & Stale Accounts

    03:05 - P&L Red Flags: Duplicate Transactions & Anomalies

    04:00 - AR & AP Risks: How to Catch Aging Balances Early

    05:00 - Payroll Tax Liabilities: A Hidden Danger

    06:37 - Duplicate Expenses: How Bill Pay Systems Cause Errors

    07:49 - Owner Expenses: Why They Must Be Classified Correctly

    08:30 - How to Fix These Issues: Monthly Review Strategies

    09:32 - Why Businesses That Review Financials Monthly Perform Better

    10:00 - Final Thoughts: How to Build a Financially Healthy Business

    Key Takeaways:

    ✔️ Negative balances and unclassified assets are red flags for accounting errors.

    ✔️ Aging AR & AP can indicate cash flow problems before they escalate.

    ✔️ Payroll tax liabilities must be actively monitored to avoid hidden debt.

    ✔️ Duplicate expenses from bill pay systems can quietly distort financials.

    ✔️ Regular monthly reviews reduce the risk of financial surprises by 78%.


    📢 How do you ensure financial accuracy in your business? Drop a comment below!

    🔔 Subscribe & turn on notifications so you never miss an episode!

    Thanks for listening! Come Say Hi!

    Full Send | Accounting & Data

    LinkedIn: Roman Villard, CPA
    X: @FullSendCPA
    YouTube: Full Send - Accounting & Data
    Data Podcast: Data Fuel

    続きを読む 一部表示

あらすじ・解説

🔍 How to Spot Red Flags in Your Financials & Avoid Costly Mistakes | Full Send CFO

👉 Link to YouTube Video

📢 61% of financials contain material misstatements. Are yours accurate? The financial reports you send to investors, stakeholders, and your board may be wrong—leading to bad decisions and financial surprises. In this episode, we break down:

✔️ How to identify critical errors in your financial statements

✔️ Common red flags that CFOs & accountants often miss

✔️ Why reviewing your financials monthly reduces cash flow surprises

✔️ Best practices to prevent reporting mistakes before they snowball

⏱️ Chapters

00:00 - Most Financial Statements Are Wrong—Here’s Why

00:26 - How Misstatements Lead to Bad Business Decisions

01:17 - Common Accounting Errors That Impact Financial Ratios

02:00 - Balance Sheet Red Flags: Negative & Stale Accounts

03:05 - P&L Red Flags: Duplicate Transactions & Anomalies

04:00 - AR & AP Risks: How to Catch Aging Balances Early

05:00 - Payroll Tax Liabilities: A Hidden Danger

06:37 - Duplicate Expenses: How Bill Pay Systems Cause Errors

07:49 - Owner Expenses: Why They Must Be Classified Correctly

08:30 - How to Fix These Issues: Monthly Review Strategies

09:32 - Why Businesses That Review Financials Monthly Perform Better

10:00 - Final Thoughts: How to Build a Financially Healthy Business

Key Takeaways:

✔️ Negative balances and unclassified assets are red flags for accounting errors.

✔️ Aging AR & AP can indicate cash flow problems before they escalate.

✔️ Payroll tax liabilities must be actively monitored to avoid hidden debt.

✔️ Duplicate expenses from bill pay systems can quietly distort financials.

✔️ Regular monthly reviews reduce the risk of financial surprises by 78%.


📢 How do you ensure financial accuracy in your business? Drop a comment below!

🔔 Subscribe & turn on notifications so you never miss an episode!

Thanks for listening! Come Say Hi!

Full Send | Accounting & Data

LinkedIn: Roman Villard, CPA
X: @FullSendCPA
YouTube: Full Send - Accounting & Data
Data Podcast: Data Fuel

Identify Red Flags In Your Small Business Financial Statements | Ep 7に寄せられたリスナーの声

カスタマーレビュー:以下のタブを選択することで、他のサイトのレビューをご覧になれます。