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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