Problem:
I have just purchased a small mfg. company that does not have an accounting manager.
We Mfg. 3 to 5 products from raw materials to the finished product.
I have hired two (2) two year accounting graduates to work in the accounting dept. One will be the accounting manager and the other will be the assistant and complete other administrative tasks. They both will wear many hats.
I have also hired a Vice-President to oversee all administrative activities.
We have purchased the QUICKBOOKS ACCOUNTING SOFTWARE package for use in our company.
We will be doing the following processes in-house:
General Ledger/financials
Payroll
Accounts Receivable
Accounts Payable
Question:
You are being hired to compile a reference manual for the accounting dept. to use for:
- Monitoring the financial side of the business.
- Maintain good financial controls.
- Complete year-end financial statements and other necessary reports, as required, by the tax preparer. We do not prepare the tax returns.