Once agreed, everyone in an organization must follow the policy and failure to do so could result in disciplinary action. Policies are usually written by senior managers and discussed and agreed by the Board.
#SEE FINANCE USER MANUAL MANUAL#
Your manual may also need to include key elements of external financial regulations, and other reference materials such as organization charts and standard forms.Īs soon as you take up a role in an organization, it’s important to become familiar with your organization’s finance manual. Staff benefits, allowances and expenses.Financial planning and budget management processes.
They can act as the starting point for your own manual and can be adapted to cover the needs and activities of your organization. The following content headings are commonly used in finance manuals.
There is no single, recommended template for a finance manual and yours will depend on the unique needs and structure of your organization. It serves as a reference to avoid misunderstandings and encourage consistency. The manual establishes the framework within which a team manages the finances of a project.
All of this information is included in one document – the finance manual. Underpinning all financial management systems are a collection of financial policies and procedures that guide operations and determine how an organization uses and manages its money.
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