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KPI Checklist for Evaluating Your Controller

Gaviti

It can range from low-level finance activities to high-level accounting. These are some examples of tasks controllers might handle: Preparing financial statements Creating and analyzing budgets Managing cash flow Assessing and mitigating financial risks Some small businesses combine this role with that of the Chief Financial Officer.

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Managing Finances and Accounting in Singapore’s Beauty and Spa Industry

Counto

Adopt Effective Accounting Software Simplify Financial Management: Implement accounting software like QuickBooks or Xero to streamline your bookkeeping. These tools automate tasks such as recording transactions, generating invoices, and creating financial reports. Establish a Robust Bookkeeping System 1.1

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Expense Reconciliation: Step-by-Step Guide

Nanonets

Just like balancing a chequebook or tallying up receipts to match your monthly bank statement , expense reconciliation helps ensure that all of a business’ expenses are properly accounted for and recorded. This process helps identify discrepancies such as missing invoices, overpayments, or pricing errors.

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What are GL Codes and how to assign them effectively?

Nanonets

Improve Budget Management : With GL Codes, businesses can compare actual spending against budgets at a granular level. For instance, assigning a GL code to marketing expenses allows a business to track its marketing budget performance closely. For example, all asset accounts might start with the number 1 (e.g.,