Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions. The primary role of accounting is to maintain a systematic, accurate and complete record of all financial transactions of a business. These records are the backbone of the accounting system. Business owners should be able to retrieve and review the transactions whenever required. Business owners need to plan how they allocate their limited resources including labor, machinery, equipment and cash towards accomplishing the objectives of the business. An important component of business management, budgeting and planning enable businesses to plan ahead by anticipating the needs and resources. This helps in the coordination of different segments of an organization.
I always say, writing an SOP is somewhere between art and science. So far you may be clueless on where to start and how to progress on an SOP? This will not be the case after you diligently go through this SOP ToolBox. We have summarised all our secrets here to get you started and to deliver a stunning SOP to your management.
Early 2000 witnessed a series of accounting frauds in the United States involving major companies like Enron, WorldCom and some other entities and Auditing firm Arthur Andersen. In these cases, independent auditor failed to report illegal accounting practices. Such accounting fraud and scandals resulted in the fall of Arthur Andersen. Post such scandal Sarbanes and Oxley Act was introduced in the United States of America. This act requires top management of an enterprise to certify the correctness of financial statements, auditor’s independence and formation of the Public Company Accounting Oversight Board (PCAOB) among other things.
Similar accounting fraud was witnessed in India in January 2008 when Satyam Computer Managing Director publicly accepted that he along with top management and independent auditors had fudged books of accounts of the company over several years.
1. SOP-ACCT-01 : Role of Accounts
2. SOP-ACCT-02 : Accounts Organizational Structure
3. SOP-ACCT-03 : Accounting Metrics
4. SOP-ACCT-04 : Salary Processing
5. SOP-ACCT-05 : Various Governing Acts
6. SOP-ACCT-06 : Provident Fund
7. SOP-ACCT-07 : Employee State Insurance
8. SOP-ACCT-08 : Insurance Requirements
9. SOP-ACCT-09 : Intellectual Property Rights
10. SOP-ACCT-10 : Asset Management
11. SOP-ACCT-11 : Cost Reduction Initiatives
12. SOP-ACCT-12 : Service Tax Procedures
13. SOP-ACCT-13 : TDS procedure
14. SOP-ACCT-14 : Professional Tax
15. SOP-ACCT-15 : Value Added Tax
16. SOP-ACCT-16 : Luxury Tax
17. SOP-ACCT-17 : Registration
Keywords: sop, manual, policy, sop meaning, sop full form, standard operating procedure, full sop, user manual, sop is, user guide, instruction manual, owners manual, sample sop, operators manual, sop example,standard operating procedure examples, abbreviation sop, standard operating procedure sample, milk sop, sop document, sop process,m manual, operating procedures, operating process, sop meaning in hindi, standard procedure, sop standard operating procedure, sop top, sop writing, standard operating procedures manual, sop meaning in english, sample sop for mba, standard operating procedures examples in office, product manual, sample sop for ms, maintenance manual, sop security, sop in research, sop in business, whats sop, standard of operation, sop set, sop procedure, sop marketing,sop training, sop hotel, sop, sop meaning business, sop form, sba sop,sop software, help manual, sop it, army sop, company sop, sop sap, o m manual, standard operating procedure examples for small business, shop manual, sop manual, sop meaning in business, purpose of standard operating procedures, sop full meaning, standard operating procedure meaning, sop military, sop standard, sop meaning medical, hr sop, sop production, purpose of sop, sop management, warehouse sop, sales sop, sop pharma, sop manufacturing, sop creation, sop laboratory, ms sop, sop full form in hindi, sop front office, sop customer service, sop online, gmp sop, sop purchasing, sop pharmacy, sop safety, sop for project management,sample sop for australian student visa, sop meaning in tamil, sop system, best sop, sop up, sop in english, sop for mechanical engineering, sop for university,sop in malay, sop lab, sop for business analytics, sop model, sop in pharmacy, developing sops, standard operating procedure examples manufacturing, sop full form in retail,sop full form in medical, sop engineering, sop application, writing standard operating procedures, procurement sop, sop maintenance,standard operating procedure nhs, sop clinical trial, sop operations,sop in construction, operating procedures manual, standard operating procedure ppt, standard procedure meaning, sop ppt, a sop, sop document meaning, sop def, sop full form in safety, sop quality control, sop for college, sop quality, sop service, types of sop, sop for engineering management, sop document sample, benefit of sop, preparing sop, standard operating procedure in hindi, sop for visa, sop compliance, sop protocol, sop aviation, sop meaning in chat, standard operating process, sop meaning military, sop for business management, standard operating procedure software, sop list, sop medical, sop logistics, sop project, sop for it department, sop call center, standard work procedures, sba sop 50 10, sop meaning in logistics, standard operating procedure laboratory, test sop, sop sample for ms, drafting sop, sops meaning in tamil, sops meaning in telugu, sop automotive, standard operating system, sop cafe, sop slideshare, sop ap, sop bank, sop in retail, creating standard operating procedures, sop admin, document control sop, pharmaceutical sop,sop in pharmaceutical industry, statement of purpose harvard, sop examples for ms, quality assurance sop, sop in clinical research, nursing sop, sop for transportation, sop policies, sops are specific to a process, sop in hindi, standard operating procedure for warehouse picking, master sop, list of sop for pharma, pharmaceutical sop examples, types of standard operating procedures, retail sop, sample sop for ms in mechanical engineering, standard operating protocol,sop supply chain, system operating procedure, sop rules, example of sop in research, sop in food industry, sop for international business management, sop for hospitality management, sop for hr department, army sop example, sop standard operating, office sop, hr standard operating procedures, preventive maintenance sop, sop for purchase department, human resources sop, fire department sops, information technology sop, operating procedure example, administration sop,sop for retail store, indian sop, construction management sop, sop hotel front office, example sop document, standard and procedures,working sop, sop for maintenance department, sop hrd department,sop full form in hotel industry, sop full, sop for human resource management, laboratory sop examples, standard operating procedure for quality control, sop for ms in mechanical engineering, sop meaning army, security standard operating procedures, sop machine, sample sop for internship, sop for hotel management, sample sop for masters, qa sop, developing standard operating procedures, standard operating procedure document, product recall sop, marketing statement of purpose, it standard operating procedures, equipment sop, sop purpose example, sop shipping, sop for sales and marketing,converting pos to sop, workshop sop, standard operating procedure manufacturing, digital marketing standard operating procedures, following standard operating procedures, sop ki full form, sop for nursing procedures, an sop, purchase sop for manufacturing company, sop a, statement of purpose for mba marketing, full meaning of sop, sop for research internship, research sop sample,vendor qualification sop, sop purchasing and receiving, sop meaning in visa, sop for admission, standard operating procedure medical office, sop in industry, sop sales marketing, navy sop, project management standard operating procedures, sop it support, standard operating manual, security operating procedures, statement of purpose for international business, procurement standard operating procedures, communication sop, sop full form in pharma, minimum sop, sop health and safety, product sop, sop for marketing department, sop in medical terms, sales standard operating procedure, sop purchase order, department sop, customer service standard operating procedures, clinical sop, marketing standard operating procedure, sop standard operating procedure example, construction standard operating procedures, standard of operations procedures manual sample, sop for facility management, sop full form in education, standard operating procedure in food industry, visa sop,sop for business administration, company sop meaning, sop work, sop operating procedure, sop for summer internship in engineering sample, general administration sop, sop for administrative duties.