Page Title

A Comprehensive & Detailed Guide

What this manual can do for you and your business?

Help implement the best practices in Financial Controls in all aspects of
requisition, purchasing, inventory, accounts payable, treasury, credit and
collection, sales, receivable management, advances, travel and
entertainment, sales and marketing, liquidation of expenses, fixed asset
management, fleet management and information control.
Implement effective policies and procedures used by the best managed
companies with “ready to use” detailed policies and procedures.
Define responsibilities and separate incompatible duties within the
organization. Avoid misunderstanding among sales and finance group
through the establishment of common financial goals and cost oriented
organization.
Benchmark your company’s policies and procedures with the most effective
practices used by the best run companies.
Reduce cost of procurement by improving requisition and purchasing
process, bidding and supplier’s selection and accreditation.
Protect and manage inventory in all aspects including production planning,
receiving, control of purchases, return policies and procedures, storage,
physical security, disposal, write off, insurance, issuance etc.
Safeguard disbursement of fund by improving the accounts payable section.
Improve cash and working capital management.
Establish and improve credit application and processing, credit granting,
credit terms, collection procedures, manage delinquent accounts and
accounts receivable for write off.
Manage expenses in detail including local and foreign travels, reimbursable,
non-reimbursable expenses, business entertainment, meals and lodging,
plane ticket requisitions. Improve documentation and streamline approval
processing.
Establish fixed asset management including acquisition, transfer, movement,
physical security, maintenance, insurance, disposal and manage Capital
Expenditure.