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.
September 23, 2019
SOX Accounting Costs

How to Reduce SOX Accounting Compliance Costs

Three things drive up the cost of Sarbanes-Oxley compliance more than any other: Cost of Scale, Cost of Review, and Cost of Improvement.
July 1, 2019
Corporate Governance Sarbanes Oxley

What Is SOX Corporate Governance?

Sarbanes-Oxley (SOX) requires an internal control system. Yet the current financial crises indicates that the needed internal controls are not effectively implemented in many companies.
May 13, 2019
Payables

How to Write an Accounts Payable Procedures Manual

Accounts payable is focused on increasing the size of assets, while maintaining a solid credit rating, and increasing purchasing process velocity.
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.