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Accounting departments are often considered to be a “cost center” or “overhead.” What if they were thought of as “value added” or even a “profit center"? Effective budgeting, projections, and cash management are the keys. This presentation covers the accounting cycle, from a budget to monthly statements to updated projections with a focus on the balance sheet – particularly cash – and includes lessons learned from dozens of contractors regarding things that can go right and wrong.
