how to write SOP on Accounting for small business?

Answer 1

Try to keep the accounting steps simple (KISS method). Think about each process (billing, processing payments received, processing invoices for payment, payroll, employee expense reports, petty cash, etc.) from start to finish. Decide who starts the process, continues the process, and ends the process. Determine what forms, if any, will be used. Determine the due dates for the information. Take good notes at each step! You'll set up your SOPs based on your notes. And try to be as specific as possible. Be sure to include due dates and times (i.e., expense reports are due every Monday at 10am) as well as what is required with each step (i.e., all receipts must be attached to the petty cash report and the report must be signed).

And once you've settled on a final set, STICK TO THEM! Don't make exceptions to the policies.

But, be flexible enough to make changes to the SOPs if you've skipped a step, if one step isn't working right (you accidentally put 'send the checks to Bob for signing' before 'Linda prints the checks'), or if a process changes (manual to electronic). You should evaluate your SOPs annually to make any changes.