How to Build a Back Office Geared for Growth
Key insights
- A growing franchise must continue meeting changing business demands. An up-to-date and scalable accounting system can help capture the financial details needed for budgeting, reporting, and research.
- Effective accounting processes, such as proper cut-off dates, timely third-party information, and financial systems integration, are essential to creating an efficient accounting function.
- Deciding how to staff your accounting function depends on what is strategic to the business and what can be performed routinely by others.
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