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
