MFG MONKEY | Jason Kruger: Driving Value and Evaluating Expenses

The MFGMONKEY’s Podcast

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

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https://www.linkedin.com/in/jason-kruger-a0b159b/

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Signature Analytics

https://signatureanalytics.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