Writing a good company policy is similar to writing a good business procedure, but there are a few differences between a policy and a procedure. A business policy consists of either company rules, typically about ethics or relationships, or process outcomes defining expected results, kind of like a mission statement. So how exactly do you write a good business policy? Continue reading How Do You Write a Good Business Policy?
One important topic on finance processes is knowing how to manage working capital. Working capital is the money it takes to run your business on a daily, weekly, and monthly basis. It is the money used to pay your suppliers for materials and the money needed to pay for the goods and services (i.e. inventory and payroll) you have used while you wait for your customers to pay you. Continue reading How to Manage Working Capital
Cash is everything to a business and you certainly would not want to burn up your cash. Learning to Write Accounts Receivable Procedure will help you to control your cash flow; now, let’s look for $250,000 from accounts receivable procedures. Continue reading How to Write Accounts Receivable Procedures