Things to be done
There is a lot to be done… • Time/hours must be tracked • Client invoices need to be generated, and payment there of tracked • Inbound bills need to be processed and paid • Employees need to be paid • You need to know how much cash you have so you don’t run out • You have to complete income tax returns (federal, state, local) • You have to comply with a host of other administrative details that require financial information Insurance Business licenses Government procurement The larger the firm, the more there is to do, and the more complex many of those things are
THE PRINCIPALS ACADEMY 2022
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