by @nicholasware | May 27, 2019 | Uncategorized
If your organization maintains any fixed assets, your accounting manual should detail your capitalization and depreciation policies. Include details about: What purchases do you capitalize? What are the minimum dollar value and useful life of assets that are...
by @nicholasware | May 20, 2019 | Uncategorized
The payroll process encompasses 2 functions – accounting and human resources – and some processes from each side of it should end up in your accounting manual. All organizations should document how payroll is processed and controls to make sure the right amount is...
by @nicholasware | May 13, 2019 | Uncategorized
For accounts payable, your accounting manual should include your process for purchasing and paying bills. What steps does your accounts payable clerk or bookkeeper take to review bills and process payment? Here are some things to include, broken out by steps in the...
by @nicholasware | May 6, 2019 | Uncategorized
On the revenue side of things, your accounting manual should include how you handle billing, cash receipts, and accounts receivable. The billing function will vary based on what kind of revenue sources you have. If you have multiple sources, write up the process for...
