Business is not run by its finance team.
It's run by the sales force chasing the sales.
It's run by the operational costing teams valuing the work for customer approval.
It's run by the processing and delivery of that work or goods.
Just inputting the sales invoices, the purchase invoices, monitoring fixed assets, processing payroll and reconciling the bank is missing the real purpose of the business.
But more importantly, not understanding the full business cycle and risks, including creating timely feedback from the accounts, may result in costly errors of judgement.
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