Business Tag: procedure


How to Create an Effective Policy Procedure Manual

An effective policy procedure manual is clearly written and easily understood by all the employees in your organization. Remember that the objective of your policy procedure manual is to improve the efficiency of your company, establish business controls and to comply with established regulations. Therefore, the most important rule when writing a policy procedure manual is that clarity and readability are much more important than style, perfect grammar and a large vocabulary. Continue reading…

What Is the Revenue Cycle?

The proper identification and acceptance of all sales are an important element of internal control for a company’s income statement. It represents the primary source of most companies operational cash flow and therefore needs to be protected, managed and monitored using financial internal controls. The following Accounting Revenue Cycle Procedures should be utilized to account for and recognize all sales income of the company. Continue reading…

Difference Between Processes and Procedures

What’s the Difference Between Processes and Procedures?

The difference between processes and procedures can be summed up as breadth and depth. A process defines the big picture and highlights the main elements of your business–breadth. A procedure captures those elements and adds more information for functional responsibilities, objectives, and methods–depth. Taken together, they each have different roles to play in defining the standard operating model of your business. Continue reading…

Five Steps to Create SOP Template

How To… Writing Standard Operating Procedures (SOP) Template

Writing Standard Operating Procedures, also known as an SOP template, will allow you to standardize your procedures, get started quickly, and provide fast, easy answers to common Standard Operating Procedure (SOP) questions. An SOP template will communicate to everyone the procedure format you want to use. It will provide a handy starting point so you don’t have to stare at a blank page. And will save everyone a lot of time selecting the font, margins, outlining, and answering questions about your company SOP structure.  Continue reading…

Policy Deployment Framework

What Is a Procedure?

What is a procedure? A “procedure” is a term used in a variety of industries to define a series of steps, taken together, to achieve a desired result. Procedures explain how to accomplish a task. A procedure is sometimes called a work instruction. If you are preparing an ISO 9001 quality management system, then the term procedure is used to describe a process, whereas a work instruction is used to describe something more basic like a specific step in a process. For example, how to fill out a form. Procedures are known in other ways too. Continue reading…