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Introduction

This manual has been prepared to document the internal accounting procedures for

the Lakeside Company. Its purpose is to ensure that assets are safeguarded, that financialstatements are in conformity with generally accepted accounting principles, and that

finances are managed with responsible stewardship.

All personnel with a role in the management of Lakeside Companys fiscaloperations are expected to uphold the policies in this manual. It is the intention of

Lakeside Company that this accounting manual sere as our commitment to proper,

accurate financial management and reporting.

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Division of Duties

The following is a list of personnel who hae responsibilities within the accounting

department!

President:

". #eiews and approes all financial reports.

$. #eiews and approes annual budget.%. #eiews all ouchers and inoices for those checks which re&uire his or her

signature.

'. #eiews and approes all contracts for goods and serices.(. Creating decisions regarding the aailable credit of customers.

). #eiews all pertinent information regarding the sales non*approal by the Asst. to the

+resident.. -aking final decisions about acceptance or reection of the sales order.

Assistant to the President:". Approes all ouchers, inoices and checks.

$. -aintaining accounts receiable subsidiary ledger.

%. Checks the current age of the customers accounts receiable balance.

'. #eceies unopened bank statements.(. #eiews all financial reports.

). #eiews and approes list of pending check disbursements.

. #eiews all ouchers and inoices for those checks which re&uire his or hersignature.

/. #eiews all bank reconciliations.

0. Approes all reimbursements.

Vice President-Sales:

". #ecords the incoming order on a pre*numbered sales inoice.

$. -anage the sales teams ,operations and resources to delier profitable growth.%. -anage the use of budgets.

'. #esponsible for the hiring and deelopment sales staff.

(. 1efine and coordinate sales training programs that enable staff to achiee theirpotential and support company sales obecties.

). -anage customers expectations and contribute to a high leel of customer

satisfaction.. -onitor customer, market and competitor actiity and proide feedback to company

leadership team and other company functions.