Finance and Accounting Policy and Procedure Templates

The Finance Authorization Policy provides a chart that details the correct person to approach for authorization of each type of financial transaction, and links to the policies within the manual that are relevant to the transaction.

The Finance Policies Introduction states the purpose of the financial policies, confirms that the policies apply to all employees, and warns of potential changes to the policies contained in the manual.

Sometimes team members make purchases on behalf of the company which require reimbursement. This procedure informs team members how to submit an expense reimbursement claim form.

Managing cashflow is extremely important to all businesses. That is why asking customers to pay when they are overdue requires prompt attention.

When expenses are added into your accounting software, you will need to reconcile outgoing payment transactions from your bank statement. This procedure documents when reconciliation of incoming invoices is required and the steps involved in completing t

The “Receiving Receipts and Invoices” procedure informs all team members to place any incoming receipts and invoices in a central area for the Bookkeeper to process.

Booking in a mid-year review with an accountant is a wise practice to adopt. Gaining input from your accountant will ensure your accounts are managed correctly and you can seek advice for tax planning purposes.

The purpose of maintaining the latest bank statements within accounting software is to show the correct financial position for your business at any time. Without importing an electronic bank statement into your accounting software, entering each transact

This procedure focuses upon depositing cash and cheques at the bank. This task is extremely important to ensure that your business has enough cash in the bank.