Follow the Money

Like it or not, the exchange of money for goods and services is what makes the world go round. If you want to know what happened, follow the money. Especially in dealing with corporate over sight; the money will tell what budget it came from, who signed the purchase order, what company got paid, what is being paid for and then into fixed assets (for equipment at least) to discover where the equipment is now. The emphasis on accounting is because they want to track every penny, it's their job. You can get reports that keep you abreast of spending under your control. Year over year trends can lead to new insights in managing growth, handling unintended consequences and budgeting for the next year.  Banks have especially powerful accounting departments and can provide a significant amount historical information.

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