| Abstrakt: |
The article discusses solutions for financial distress in the funeral profession. The author, who has a background as a funeral director and CPA, provides insights based on their experience providing accounting services to funeral homes and cemeteries. The author identifies seven common causes of financial stress in the funeral profession, including the owner not being involved in day-to-day operations, inadequate management of payroll and expenses, and accounts receivable not being collected at the time of service. The author recommends strategies such as optimizing pricing, managing expenses, and having a plan for families with no plan to improve financial health in the funeral profession. [Extracted from the article] |
