Your bread and butter, something that tells you which accounting entry you\u2019ve decided to be most appropriate for specific transactions, which documents are obtained and where they are stored etc.\u00a0<\/p>\n
It\u2019s these few things and pretty much whatever else you decide to be relevant for your everyday accounting entries and accounting itself \u2013 where the entries are made (is it a system or on paper), where are documents stored, if any backups are made of information and documents, in which format documents are to be collected \u2013 digital or on paper etc., which accounting framework is to be used, if there are any extra regulations relevant to your company\u2019s accounts that should be mentioned and followed regularly to ensure compliance etc. and also all relevant control procedures you\u2019ve got in place \u2013 confirmations, stock counts and so on, whichever you\u2019ve seen fit and most appropriate for each relevant account or group of accounts.<\/p>\n
Internal accounting rules are all that \u2013 it\u2019s writing down your own guidelines how your company\u2019s accounts and all the accompanying should be done and kept. It\u2019s your bread and butter in your everyday accounting that has some structure and some sort of information definitely expected, however the contents and the majority of it is entirely up to you. Remember, it\u2019s there to help you and nobody else. In the nutshell someone else reading it should understand completely how in your accounting all most common transactions are done \u2013 where they\u2019re accounted on, which documents are used, which controls are applied if applicable and so on.<\/p>\n","protected":false},"excerpt":{"rendered":"
Your bread and butter, something that tells you which accounting entry you\u2019ve decided to be most appropriate for specific transactions, which documents are obtained and where they are stored etc.\u00a0<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,75],"tags":[],"class_list":["post-3952","post","type-post","status-publish","format-standard","hentry","category-3-controls","category-3-4-regular-control-procedures"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/comments?post=3952"}],"version-history":[{"count":1,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3952\/revisions"}],"predecessor-version":[{"id":3953,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3952\/revisions\/3953"}],"wp:attachment":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=3952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=3952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=3952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}