accounting period A period of time used to correlate revenues and expenses, usually defined as a day, week, month, quarter, or year.
accrual basis of accounting A method of accounting that relates revenues and expenses based on when the commitments are made as opposed to when the cash is spent or received.
action plans The steps needed to achieve specific goals.
advisory board A group of business associates who act as advisers to your company on an informal basis. You can set regular meeting dates and times for the group to come together to discuss business issues, but you do not compensate advisers for their advice. You may want to pay for dinner, however, so they know you appreciate their time.
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