Question
You are employed as a bookkeeper for a new business. As part of the set-up you have been asked to create procedures for each aspect
You are employed as a bookkeeper for a new business. As part of the set-up you have been asked to create procedures for each aspect of the businesss cash accounting system. The procedures are designed to ensure each aspect of the accounting system is used in a consistent manner. Each procedure should be approximately 1 page long. You will need to create procedures for: Chart of Accounts numbering. Verifying source documents. Processing receipts. Processing payments. Petty cash processing. Processing credit card transactions. Processing credit card payments. Reconciling bank statements.
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