Finance and Accounting Manual Table of Contents

I. INTRODUCTION………………………………………………3

II. THE METHODS OF ACCOUNTING………………………4

2.1  CASH VS ACCRUAL
2.2  CASH BASIS
2.3  ACCRUAL BASIS

III. CHART OF ACCOUNTS…………………………………..5

IV. RECONCILIATION PROCESS…………………………12

4.1 DAILY & MONTHLY RECONCILIATION PROCESS
4.2 BANKING STRUCTURE
4.3 A – DAILY CASH RECONCILIATION PROCESS
4.4 B – SYSTEM RECONCILIATION PROCESS

V. CHARGEBACKS……………………………………………..21

VI. SUNDRY (NON-FACTORING INCOME)…………….23

 

VII. BAD DEBT RESERVE……………………………………25

7.1 PROVISIONS FOR BAD DEBT
7.2 HOW TO WRITE A CLIENT OFF THE BOOKS

VIII. COLLECT OUT CLIENTS………………………………29

IX. TREND ANALYSIS………………………………………..30

X. BUDGETING & FORECASTING…………………………35

XI. PARTICIPATION AGREEMENTS……………………..36

XII. RESERVE RELEASE……………………………………..38

XIII. OVER ADVANCES………………………………………39

XIV. CLIENT GENERAL LEDGER TRANSACTIONS…..40

XV. ANNUAL FINANCIAL AUDIT………………………….45

XVI. RECORD RETENTION………………………………….46

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