Home Accounting Policy Preparation
Efficient operation of the accounts department relies on having the necessary information. Things like accounting policies and procedures provide a sequential mapping of interlinked processes along with the required checklist that helps with the proper functioning of the accounts department. Once company policies and procedures are correctly implemented, continuous supervision becomes unnecessary. The business can operate smoothly even in the absence of constant oversight. Consider an example: if you set not accepting post-dated checks as a policy, no post-dated cheques would be taken by your employees even in your absence. Drafting procedures and accounting policies for small companies might seem cumbersome, but it is beneficial in the long run.
At Ascentry we specialize in aiding businesses and manufacturing companies in analyzing the accounting processes, exploring best industry practices, preparing suitable policies, and managing proper procedures. Furthermore, we facilitate the allocation of tasks to a proficient training team for the successful implementation of improved policies and procedures.
Organizing Structure for Writing
Initially, our team identifies the total number of sections or processes, such as accounts payable, fixed assets, and cash and bank. To facilitate clear and proper understanding of documents and transparent organization, we allocate a unique reference number to each policy and procedure.
Preparing Customized Templates Suitable for Your Organization
Our services cater to a wide range of businesses, as we acknowledge that every business has its unique arrangements and is different from others and therefore, the company’s accounting policies and procedures are also different. Keeping in mind this, we prepare customized templates for documentation to make writing easy to understand.
Providing Clear and Good Write-Ups
The company policies and procedures are accessed by a diverse audience with a different set of knowledge, experience, and interests. Not all users are familiar with technical terminology. That's why, at Ascentry, we offer easily understandable, clear, and concise write-ups, ensuring accessibility for everyone.
Flow Charts and Graphics
Graphical representations of information are highly valued for their direct practical influence on the mind. These are easy to understand, and the data stays in memory for longer. At Ascentry, we utilize flow charts to depict procedures in relation to policy reference points. These flow charts are strategically positioned within the policy sections of manufacturing companies where they are most relevant.
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