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November 16, 2016

By Jim Sweet | Harkcon's Chief Financial Officer 

For the past 10 years we have grown from a very small seven-person, completely boot-strapped business to one of nearly 100 people, all the time remaining completely virtual.  This has been a challenge to our financial processes in a variety of ways, but we have continually been able to develop and implement a solution, sometimes several times over, that successfully answered our need.

In an effort to organize our thoughts so we could reflect and communicate our solutions, we searched and found a great document:

http://www.icaew.com/-/media/corporate/files/technical/business-and-financial-management/finance-direction/finance-function-a-framework-for-analysis.ashx

In reviewing the document, it became clear that the requirements for a sound financial system are the same for a bricks and mortar company as well as our virtual company, but how they are accomplished is often different.  Over the next few months we will explore each element...

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