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Funding a business
How To Properly Monitor The Circulation Of Funds In A Business?
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[QUOTE="Yusra3, post: 341613, member: 31907"] it is indispensable to regulate the way revenue is passed to have financial control. Set up strong and effective accounting systems which will enable us to know the inflows and outflows in detail so that budget preparation could be made accordingly. Carry out the cash flows reports often and also the bank reconciliation so as to spot inaccuracies. Put in place approvals chains for large expenses over a determined minimum amount. Publish financial records every 6 months with a proper audit in the first place. Complete performance control provides a possibility to address leaks quickly, improve working capital position, and develop data-based decisions that build profitability. [/QUOTE]
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How To Properly Monitor The Circulation Of Funds In A Business?
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