Finance - Overview

Open books, Invoicing & more

All our basic admin procedures are also findable through in this map, 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.
Last modified 1yr ago