Accounting and Bookkeeping SOP

By Jerry

Accounting and Bookkeeping SOP

799.00

This 22-page document covers the Accounting and Bookkeeping procedures of the Company.

Companies need a way to determine the financial health of its business operations because no company can become sustainable without earning a profit in the long run.

But before financial statements or reports can be made, the Company must first ensure that all sales and expenses are being recorded completely and accurately.  In addition, all expenses must be recorded in their proper accounts to enable financial analysis later on.

Thus, this is the role of this SOP.

Click here to read our FAQs.

 

Description

Overview

This 22-page document covers the Accounting and Bookkeeping procedures of the Company.

Companies need a way to determine the financial health of its business operations because no company can become sustainable without earning a profit in the long run.

But before financial statements or reports can be made, the Company must first ensure that all sales and expenses are being recorded completely and accurately.  In addition, all expenses must be recorded in their proper accounts to enable financial analysis later on.

Thus, this is the role of this SOP.

 

What’s Inside:

This Simplified Standard Operating Procedure (SOP) covers the following key areas:

1.  Book of Accounts – including Cash Receipts Book, Cash Disbursements Book, General Journal, General Ledger, and Subsidiary Ledgers

2.  Bookkeeping – including daily recording, month-end procedures, and check disbursement.

3.  Bank Reconciliation – an add-on process to ensure that your financial statements are accurate by taking into consideration the outstanding checks, deposit in transit, debit/credit memos, etc.

4.  Chart of Accounts – including their definition, for the Company assets, liabilities, stockholder’s equity, revenue, and operating expenses.

 

Applicable For:

This document is applicable for medium-sized businesses with several stores or branches like food, services, and retail companies.

However, please note the following:

1.)  This is just a template designed to guide you and serve as a starting point for your company.  You need to customize it according to your own processes and procedures.

2.) This is the SOP for our company, Ink All-You-Can.  Thus, some processes or items may not be applicable for your own company.  Please just ignore them.

Click here to read our FAQs.

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