Competency 7: Accounting

The accounting function discloses the grade, whether it’s a “D” or an “A,” of how well your MLM and Party Plan company business processes measure up.  The efforts of everyone within (employees) and without (field organization) your company are posted for display.  The measure of success—the scoreboard— is reported by accounting.

As a generality, the strength of direct selling software applications will not be found in accounting, but in the way that they support accounting and business processes.  One of the activities to build into your launch plan is the task of integrating the summary information into your choice of accounting system, such as Quickbooks® or PeachTree®.

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