List of attached files for this department Create a list by: Click the “Hyperlink button” When the dialog appears click the “Existing File” radio button at top…
Our system for managing our finances Overview of our system “How it works” Summarise your system, how does your system work Imagine someone asking you “How does your xxx system work” [e.g. We recei…
Financial Overview The financial section of the business plan will help you and potential investors (or loan officers) estimate how much money will be required and how much profit and sales will be generated. Break – even We estimate our break – even point to be [$xx,xxx] per month and [$xx,xxx] per year…
Outcome Invoice correctly prepared, sent/given to client and software and paperwork correctly filed What you will need before you begin…
Purpose Ensure accurate and timely receipting of funds to bank account Ensure proper allocation of journal entries to appropriate customers or other accounts. Background If invoicing is a key area of our business, receipting the funds from those invoices is equally important. This procedure was developed to assist in ensuring that banking and allocation of funds occurs with minimal mistakes and issues arising….
Purpose Ensure Credit Notes for discounts are managed effectively as a key result area of our business. Background Failure to properly manage and account for discounts by the use of Credit Notes can cause significant rework and lost resources. This procedure seeks to formulate rules for the effective processing of Discounts. Scope All Sales and Accounts Staff Procedure All DI…
Purpose overdue accounts are addressed in a timely and appropriate manner sensitive accounts are managed in ways that ensure that payment is obtained without unduly upsetting the customer Background Cash flow is the lifeblood of business and the performance of your receivables cycle holds the key to maximising your cash flow. It starts out as a customer service function, with calls and letters to verify sati…
Purpose Ensure all electronic data is secure and retrievable in the event of loss of working files from unauthorised access. Protect ‘e’ data. Quickly and fully recover from software loss or system crash Establish Standard File System Background A significant exposure in any organisation is the potential of failure of electronic data. This procedure addresses the need to protect and maintai…
Policy [enter-your-company-name-here] aims at all times to prevent disrepair, excessive risk, untraceable transactions, or conflicts of interest in the management of the organisation’s resources. Procedure The CEO shall not: Permit any unauthorised person to handle cash. Deposit the organisation’s funds other than in accordance with Board policy Allow abuse or misuse of the organisat…
Purpose Identify equipment used in the business to develop/produce product for customers Background This informs staff as to what equipment is used in the business. This enables staff to clearly identify if the business has the equipment to perform certain tasks and is a valuable planning tool because it helps to identify shortfalls. Scope All Staff Procedure List here all eq…