I need some advise for Accounting Policy and Procedures?

Question

My Company is just set-up and my accounts people want to set up a guideline for the account department due to many issues.
Please provide ideas.

Answer 1

The whole answer would be way too long and complex for this forum, but if there was one point to get across, it would be to use checks and balances. Don't allow any one person to do all the jobs that would normally check each other. For example, the person who writes checks to pay the bills should not be allowed access to the bank statements. They can hide embezzlement too easy that way.

Your best bet is to get a good accounting book, or hire a local accountant to set up and explain your books and procedures.

Answer 2

english?