January 13, 2021
internal controls

What are Financial Internal Controls?

The Internal Control Procedures Series provides a risk reducing framework of financial internal controls for the ten core accounting cycles — these cycles make up the accounting body of knowledge.  Each financial cycle focuses on a key element of business accounting and, therefore, should be covered in your company’s financial accounting policies and procedures manual.
January 10, 2021
Accounting Cost Information

What Are the Uses of Cost Accounting Information?

What are the different types of accounting costs that your company can accrue, and how can you build cost accounting policies to minimize their effects?
May 17, 2020
Accounting Software System

How Do Accounting Systems Work?

We can thank the 14th and 15th century Italian merchants for developing the double-entry method of accounting still in use today.
May 6, 2020
Accounting Management

What Are Accounting Management Systems?

Do you understand how your Accounting Policies and Procedures integrate with the accounting rules and concepts to produce the internal controls you need?
May 3, 2020
process control

What Types of Processes Exhibit Control?

By adopting policies and procedures, organizations are commonly trying to address one or more needs, like gaining or increasing control over their processes.
January 13, 2020
Creating an Accounting Manual

What are Accounting Policies & Procedures Manuals?

Why Write an Accounting Manual of Policies & Procedures? Every company should document its accounting procedure process.  A well-designed and properly maintained system of accounting policies and procedures documentation enhances your accountability and consistency, while at the same time producing long-term savings from reduced duplication, rework, training, and increased focus, consistency, and productivity. Writing accounting manuals of policies and procedures is an important task. Consider a template from Bizmanualz to help save you time.
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 27, 2019
Internal Controls

Why Is an Effective Internal Control System Crucial for Success?

Control systems that are designed only to achieve compliance are doing the bare minimum. How can you build an effective internal control system for success?
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.