Financial management and accountancy - Finance function
Models (14)
Monthly financial timetableThe speed with which you are able to close the books is a very good indicator of the efficiency of the company's financial procedures. Fast closing also saves time, money and resources and enables you to add value in other w... Read more
02 Jan 2013
Organisation chartAccountants are often also line managers, leading a team of accounting staff. Your accounts department will be responsible for the timely and accurate processing of thousands of transactions, even in a small business. But whatever t... Read more
02 Jan 2013
Tax reconciliation reportQuite often, the figure given by the company's tax advisors is different to your provision for Corporation Tax (CT) in the management accounts. How do you go about reconciling the two numbers?Tax treatmentIf there's a significa... Read more
02 Jan 2013
Pension contribution confirmationEmployees' contributions into their company's pension scheme are normally collected through the payroll each month. If your company also makes a contribution, that has to be worked out for each individual and paid over ... Read more
02 Jan 2013
Tender bank contents logA tender gives you the opportunity to inform the buying organisation how you will meet their requirements, offer best value and explain why they should select your company. Responding to formal tenders is now a commonplace ele... Read more
02 Jan 2013
Internal control checklistOne of the keys to improving profits is reducing leakage through inefficient processes and managing undue risks in the business. As an accountant it's your responsibility to establish and maintain internal controls.Key questi... Read more
02 Jan 2013
Audit preparation scheduleOne of your busiest times will be the annual audit. Good preparation for the auditors makes a big difference to the time they take and the amount of disruption suffered by the finance team and the company's management. As aud... Read more
02 Jan 2013
Evaluating the finance functionIf you've been asked to justify the number of staff in your accounts department and want to understand how much value they're adding, you'll need to record the time spent by your team on the different finance functions and... Read more
02 Jan 2013
Employee loan agreementLoans to employees provided for the purchase of season tickets, cars, bikes or any other purposes must have documented terms and conditions so that confusion is avoided at a later date. This benefits both the company and the em... Read more
02 Jan 2013
Letter to employee concerning student loan deductionsIf an employee with a student loan has informed you that they've just paid off the balance of their loan with a lump sum, you still need to continue to make deductions. Use our letter to make the po... Read more
02 Jan 2013
