accounting procedures can be simplified
Posted: Mon Nov 10, 2014 9:43 amunnecessary journal dr petty cash cr bank, cr petty cash, dr expense
not to do payment on behalf by the company in the same country
early settlement of AR & AP as possible before system implementation
choose right chart of account
transfer opening balance by mapping table
use direct debit
recurring journals
change the order of work, payment journal before payment, mpf filing form before issuing check
lump sum insurance payment or yearly payment instead of monthly payment
petty cash analysis by nature by date by staff
default setting like printer, favorite icon
payment direct debit, profile for check issue, autopay, e-banking
using closing rate for inventory instead of weight average rate
not to do payment on behalf by the company in the same country
early settlement of AR & AP as possible before system implementation
choose right chart of account
transfer opening balance by mapping table
use direct debit
recurring journals
change the order of work, payment journal before payment, mpf filing form before issuing check
lump sum insurance payment or yearly payment instead of monthly payment
petty cash analysis by nature by date by staff
default setting like printer, favorite icon
payment direct debit, profile for check issue, autopay, e-banking
using closing rate for inventory instead of weight average rate