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Hey ,

For Consumer Packaged Goods (CPG) businesses, effective accounting is crucial for understanding financial health, making informed decisions, and ensuring sustainable growth. However, several common accounting mistakes can hinder the success of CPG businesses. In this article, we will explore these mistakes and emphasize the importance of accurate and timely accounting.

1. Revenue Recognition Errors

2. Inventory and Cost of Goods Sold (COGS) Mismanagement

3. Deductions Misallocation

4. Cash Flow Misunderstanding

5. Timeliness of Reporting

Jordan Buckner

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