Episode 17: Is This Legal? Why Most Budgets Wouldn't Pass a Financial Audit

Is This Legal? Why Most Budgets Wouldn't Pass a Financial Audit | The Total Profit Podcast | Episode 17 It's not just sloppy. It's risky. If your chart of accounts is changing every year and your labor burden is just a guess, you're not just making mistakes—you're putting your business at risk. In this episode, we cover: • Why undefined cost codes are a major profit leak • The danger of lumping materials, freight, and subs into "other" • How to calculate a fully loaded labor burden rate • Why year-over-year consistency in your chart of accounts is critical • How to enforce margin rules across your entire team The Total Profit Podcast is hosted by Total Profit Management LLC. We help business owners stop guessing and start knowing their true margins. Visit our website and book a free consultation today: www.totalprofitmanagement.com Contact us: [email protected] #TotalProfitPodcast #BusinessProfit #FinancialAudit #Budgeting #SmallBusiness Chapters (00:00:09) - Margin Enforcement Rules for Small Businesses(00:06:19) - 5 Rules for Discipline in Your Business