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In many organizations, they’re a necessary tool for organizing financialrecords and setting up accounting systems. The central purpose of a COA is to provide a foundation within which all of a company’s financialrecords are kept according to an easy-to-follow, logical structure. Fortunately, the answer is simple.
million by 2030 ( Source ). Issue Resolution Effective handling of common issues such as unauthorized purchases, non-receipt of goods/services, mismatched invoices, computational errors, and proper posting of vendor bills to the accounting system. million in 2023. It is projected to grow to around USD 624.05
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