{"id":11905,"date":"2025-06-25T10:20:59","date_gmt":"2025-06-25T08:20:59","guid":{"rendered":"https:\/\/www.sysfinpro.com\/?p=11905"},"modified":"2025-06-25T10:20:59","modified_gmt":"2025-06-25T08:20:59","slug":"kb20230000-01-best-practice-processes-for-general-accounting","status":"publish","type":"post","link":"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-general-accounting\/","title":{"rendered":"KB20230000\/01: Best Practice Processes for general accounting"},"content":{"rendered":"\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-palette-color-2-color has-text-color has-large-font-size\"><strong>General Accounting:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Do not redo manual journals every month, setup recurring journals or import journals.<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Are you running your month-end close processes from memory, or is there a documented process and checklist to follow.<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Different functions need to happen at different intervals. For example. You need to process all deliveries from suppliers and supplier\u2019s invoices before balancing your Stock Valuation report to the Stock Control account in the G\/L.<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Ensure all customer receipts are captured and allocated before performing your bank reconciliation.<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Have your salary journals import directly from your payroll system into your accounting system.<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Many processes that are traditionally seen as the last day of the month exercise can be done daily, like bank reconciliations, supplier reconciliations, inter-company loan account reconciliations.<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Make sure all areas have their recon process under control. Agree the following:\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Stock valuation to the General Ledger stock account<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Fixed Assets register to the Fixed Asset control account in the General Ledger<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Bank <strong>reconciliation balance<\/strong> to your bank control account<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Debtors ageing agrees to your debtors control in the General Ledger<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Creditors ageing agrees to your creditors control in the General Ledger<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Perform a <strong>reconciliation<\/strong> and cleaning exercise of accounts such as the Goods Received Not Invoiced Account (GRNI), Goods Delivered Not Invoiced, Fixed Assets clearing account, IBT accounts, WIP Accounts<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Total of Input vat agrees to 15% of all your taxable purchases<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Total of Output vat agrees to 15% of all your taxable sales<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>General Accounting:<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","footnotes":""},"categories":[51,79],"tags":[],"class_list":["post-11905","post","type-post","status-publish","format-standard","hentry","category-erp","category-general-erp"],"blocksy_meta":[],"qubely_featured_image_url":null,"qubely_author":{"display_name":"SysFinPro","author_link":"https:\/\/www.sysfinpro.com\/index.php\/author\/sysfinpro\/"},"qubely_comment":0,"qubely_category":"<a href=\"https:\/\/www.sysfinpro.com\/index.php\/category\/erp\/\" rel=\"category tag\">ERP<\/a> <a href=\"https:\/\/www.sysfinpro.com\/index.php\/category\/erp\/general-erp\/\" rel=\"category tag\">General ERP<\/a>","qubely_excerpt":"General Accounting:","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","qubely_landscape":"","qubely_portrait":"","qubely_thumbnail":""},"post_excerpt_stackable_v2":"<p>General Accounting: Do not redo manual journals every month, setup recurring journals or import journals. Are you running your month-end close processes from memory, or is there a documented process and checklist to follow. Different functions need to happen at different intervals. For example. You need to process all deliveries from suppliers and supplier\u2019s invoices before balancing your Stock Valuation report to the Stock Control account in the G\/L. Ensure all customer receipts are captured and allocated before performing your bank reconciliation. Have your salary journals import directly from your payroll system into your accounting system. Many processes that are&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/www.sysfinpro.com\/index.php\/category\/erp\/\" rel=\"category tag\">ERP<\/a>, <a href=\"https:\/\/www.sysfinpro.com\/index.php\/category\/erp\/general-erp\/\" rel=\"category tag\">General ERP<\/a>","author_info_v2":{"name":"SysFinPro","url":"https:\/\/www.sysfinpro.com\/index.php\/author\/sysfinpro\/"},"comments_num_v2":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>KB20230000\/01: Best Practice Processes for general accounting - SysFinPro (Pty) Ltd.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-general-accounting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KB20230000\/01: Best Practice Processes for general accounting - SysFinPro (Pty) Ltd.\" \/>\n<meta property=\"og:description\" content=\"General Accounting:\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-general-accounting\/\" \/>\n<meta property=\"og:site_name\" content=\"SysFinPro (Pty) Ltd.\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-25T08:20:59+00:00\" \/>\n<meta name=\"author\" content=\"SysFinPro\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"SysFinPro\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-general-accounting\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-general-accounting\/\"},\"author\":{\"name\":\"SysFinPro\",\"@id\":\"https:\/\/www.sysfinpro.com\/#\/schema\/person\/2e025b2b8c92dacebddf94aae24231bf\"},\"headline\":\"KB20230000\/01: Best Practice Processes for general accounting\",\"datePublished\":\"2025-06-25T08:20:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-general-accounting\/\"},\"wordCount\":247,\"publisher\":{\"@id\":\"https:\/\/www.sysfinpro.com\/#organization\"},\"articleSection\":[\"ERP\",\"General ERP\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-general-accounting\/\",\"url\":\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-general-accounting\/\",\"name\":\"KB20230000\/01: Best Practice Processes for general accounting - SysFinPro (Pty) Ltd.\",\"isPartOf\":{\"@id\":\"https:\/\/www.sysfinpro.com\/#website\"},\"datePublished\":\"2025-06-25T08:20:59+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-general-accounting\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-general-accounting\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.sysfinpro.com\/index.php\/kb20230000-01-best-practice-processes-for-general-accounting\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.sysfinpro.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"KB20230000\/01: Best Practice Processes for general accounting\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.sysfinpro.com\/#website\",\"url\":\"https:\/\/www.sysfinpro.com\/\",\"name\":\"SysFinPro Solutions\",\"description\":\"Sage ERP and Payroll &amp; 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