Reports and dashboards are only valuable if the info they are based on is latest and proper. As an example, When you have complete groups recording time at the end of the 7 days (instead of everyday, hourly, or in fifteen-minute chunks), you may miss large swings in expenses dependant upon the project's dimensions.
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Having said that, many of the Finance & Accounting lecturers do not know that. As the rules on the small business activity become sharper, the learning ailments grow to be harsher, especially if you study in a prestigious economical institution like Harvard Organization University.