June 19, 2022
Internal Control Accounting Procedures

Do Your Accounting Procedures Drive Internal Control?

Accounting Procedures can play a role in continual improvement, not just compliance if you use your accounting Procedures to drive internal control.
April 3, 2022
Policy Procedure Differences

What’s the Difference Between Policies and Procedures?

A policy is a guiding principle used to set direction in an organization. Policies can be courses of action to guide and influence decisions. A procedure is a particular way of accomplishing something. Procedures should be designed as a series of steps to accomplish an end result.
January 7, 2022
revenue growth

Working Capital? | Definition

Working Capital is a common measure of the health of your business operations. Knowing how to manage working capital is a crucial aspect of financial procedures. Working capital refers to the funds required to operate your firm on a daily, weekly, and monthly basis. It is the money used to pay your suppliers for materials, as well as the money needed to pay for the items and services (such as inventory and payroll) that you have utilized while waiting for your customers to pay you.
October 27, 2021
Accounting Revenue Procedures

What is the Revenue Cycle in Accounting?

Proper identification of all sales are an important element of a companyƒ's income statement. Which Accounting Revenue Cycle Procedures should you utilize?
October 25, 2020
Example Business Policy

How Do You Write a Good Business Policy?

A company policy consists of either company rules, typically about ethics or relationships, or process outcomes. Do you know how to write a business policy?
November 25, 2019
Cash Flow

How to Manage Working Capital

Working capital is the money it takes to run your business. What areas should you actively manage in order to get the most from your working capital?
October 20, 2019
Cash Flow Burn

How to Write Accounts Receivable Procedures

The accounts receivable procedures for collection process are critical to reducing days sales outstanding and generating more cash for your business.
April 29, 2019
Credit Policy Procedure

Does Your Credit Policy Protect Your Business Cash?

Giving your customers credit is like lending them cash. Internal control should include credit policy and processes just like it covers how cash is handled.