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On this page
  • Open books, Invoicing & more
  • Business Units
  • Types of business units
  • Who can have a personal business unit
  • Starting a new Business Unit
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  1. Guides

Finance - Overview

Last updated 2 years ago

Open books, Invoicing & more

The most important links you need to navigate our finances are:

and the .

All our basic admin procedures are also findable through , such as submitting expenses, creating invoices, making budgets, project management etc.

Business Units

From a financial perspective, Greaterthan is structured into business units, which are managed as independent entities inside the organization.

Types of business units

There are several types of BUs:

  • Personal BUs for people working through the business

  • Services BUs, which are for large consulting projects

  • Project BUs, which are projects that Greaterthan is investing in and/or operates separate from the core (e.g. Cobudget, Academy)

  • GT Core BU, which holds all contributions to the commons and through which operating costs are paid.

Who can have a personal business unit

Personal business units are for partners only, and for associates on a case by case basis.

Starting a new Business Unit

Personal business units can be created if the BU owner agrees to the following conditions (BU agreement):

#1 All work invoiced contributes 15 % to GT core, to go towards admin overhead and the GT common pot for investing in new projects, as laid out in our financial agreement.

#2 The BU is managed responsibly:

  • the BU owner ensures they always have sufficient funds to cover incoming costs

  • the amount in the BU shall never be negative

  • If funds remain in the BU after the year-end, the 19% UK company tax will automatically be deducted.

💰
📎Everything you need to know about invoicing
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