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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
  • Project BUs, which are for large consulting projects
  • Shrubbery BUs, which are projects that Greaterthan is investing in and/or operates separate from the core, i.e Cobudget, Academy, Better Work Together.
  • GT Core BU, which holds all operating costs, consulting budgets and surplus (that is then paid out as bonuses or reinvested in projects).

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.
To start a new BU for a Shrubbery, a proposal must be approved by consent in the GT member Loomio.
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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