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Corporate Clutter

  • Laporchia Dodd, MBA
  • Sep 13, 2017
  • 1 min read

As a previous contractor, I have partnered with 6-8 large parent corporations to process their documents each one includes 6-8 subsidiaries. All corporations are different based on the owner's vision but they share similar situations. While interviewing with many managers in the finance and accounting departments, I've noticed one thing in common; Documentation Stress! The accounting department runs in a very fast pace with much work to do. Therefore, some things need to be pushed to the side for another day. I do believe as a contractor that every work in business is important especially keeping up with documents and recording them correctly. All documents should be recorded in order to revert back to during certain situations such as taxes and also in order to compare progress from previous years. Corporations will sometimes bring in contractors such as myself to improve productivity or they may hire someone full time. Recording A/P and A/R correctly and also making sure the RNI or revenue report is accurately recorded monthly are very important. Corporations should always keep up with their profit and losses, revenues and expenses, vendors, customers, products, legal documents and much more. Nothing should slip through the cracks. Even when there is technical issues with the hardware's or software's, the main focus is to be on redeeming the information that is beneficial to corporation's documentations. Accounting is the language of business. Therefore, if the books and reports remain up to date and recorded correctly and all the data from previous documents are entered into a filing system, there should be no reason for the business to fail. Great recording and preparation leads to great corporate success.


 
 
 

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