{"id":4817,"date":"2020-03-17T10:35:46","date_gmt":"2020-03-17T10:35:46","guid":{"rendered":"https:\/\/www.mrpeasy.com\/blog\/?p=4817"},"modified":"2023-06-14T07:12:22","modified_gmt":"2023-06-14T07:12:22","slug":"what-is-an-accounting-manual","status":"publish","type":"post","link":"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/","title":{"rendered":"What is an Accounting Manual?"},"content":{"rendered":"\n<p>Accounting manual is a document in which every organization defines its accounting policies and procedures &#8211; in this article, we give an overview of its goals and contents.<\/p>\n\n\n\n<!--more-->\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/03\/what-is-an-accounting-manual.jpg\" alt=\"what-is-an-accounting-manual\" class=\"wp-image-4820\" srcset=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/03\/what-is-an-accounting-manual.jpg 1000w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/03\/what-is-an-accounting-manual-300x200.jpg 300w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/03\/what-is-an-accounting-manual-768x512.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure><\/div>\n\n\n\n<p><em>You can also listen to this article:<\/em><\/p>\n\n\n\n<iframe loading=\"lazy\" title=\"What is an Accounting Manual?\" height=\"122\" width=\"100%\" style=\"border: none;\" scrolling=\"no\" data-name=\"pb-iframe-player\" src=\"https:\/\/www.podbean.com\/media\/player\/kfd9a-dd11f0?from=pb6admin&amp;download=1&amp;version=1&amp;auto=0&amp;share=1&amp;download=1&amp;rtl=0&amp;fonts=Helvetica&amp;skin=1&amp;pfauth=&amp;btn-skin=103\"><\/iframe>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #343333;color:#343333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #343333;color:#343333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#Intro\" >Intro<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#Goals_of_an_accounting_manual\" >Goals of an accounting manual<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#Contents_of_an_accounting_manual\" >Contents of an accounting manual<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#Division_of_responsibilities\" >Division of responsibilities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#Balance_sheet\" >Balance sheet<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#Income_statement\" >Income statement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#Journal\" >Journal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#Chart_of_accounts_and_general_ledger\" >Chart of accounts and general ledger<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#Accounting_accruals\" >Accounting accruals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#Cash_flow_statement\" >Cash flow statement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#Bank_reconciliations\" >Bank reconciliations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#Inventory_accounting\" >Inventory accounting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#Cost_accounting\" >Cost accounting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#Internal_control\" >Internal control<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#Property_and_equipment\" >Property and equipment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#Payroll_processing\" >Payroll processing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#End_of_month_and_fiscal_year-end_close\" >End of month and fiscal year-end close<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Intro\"><\/span>Intro<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>An accounting manual is a document in which every organization defines its accounting policies and procedures. Each organization is unique and therefore creates its own accounting manual. Even two companies in the same industry may have different accounting manuals. The extension of the accounting manual will depend on:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>the size of the organization<\/li><li>the number of employees<\/li><li>the type of product and service the organization\noffers<\/li><li>the region in which operates<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Goals_of_an_accounting_manual\"><\/span>Goals of an accounting manual<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The aim of keeping an accounting\nmanual is:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>To ensure accurate, efficient and transparent financial management.<\/li><li>To ensure that the financial statements conform to generally accepted accounting principles.<\/li><li>Establish an accounting reference base, whether for revisions, improvements, training or changes.<\/li><li>To safeguard all business assets.<\/li><li>To provide accounting and financial guidelines.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Contents_of_an_accounting_manual\"><\/span>Contents of an accounting manual<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Consider that the accounting manual content may differ in scheme and\nlength depending on the type and size of the business. In general, we can say\nthat an accounting manual contains the following elements:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Division of responsibilities<\/li><li>The balance sheet<\/li><li>Income statement<\/li><li>Journal<\/li><li>Chart of accounts and general ledger<\/li><li>Accounting accruals<\/li><li>Cash flow statement<\/li><li>Bank reconciliations<\/li><li>Inventory accounting<\/li><li>Cost accounting<\/li><li>Internal control<\/li><li>Property and equipment<\/li><li>Payroll processing<\/li><li>End of month and fiscal year-end close<\/li><\/ol>\n\n\n\n<p>Let&#8217;s see each of them in more detail below:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Division_of_responsibilities\"><\/span>Division of responsibilities<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This section\nestablishes the responsibilities for:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>the board of directors<\/li><li>executive directors<\/li><li>managers<\/li><li>bookkeepers<\/li><\/ul>\n\n\n\n<p>It defines the\nresponsibilities on development, reviews, execution and follow-up of:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>budget<\/li><li>management of contracts<\/li><li>incoming and outgoing invoices<\/li><li>allocations, expenses, accounting, and financial reports<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Balance_sheet\"><\/span>Balance sheet<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This section\nshows the company&#8217;s assets, liabilities, and equity. It shows how changes in\nany one of these affect the other two. It is defined how the\ncompany records the earning and expenses for the offered goods and services. This section is\nbased on the basic accounting formula that states:<\/p>\n\n\n\n<p>Assets = Liabilities + Equity in which:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Assets are all the valuable things owned by a company.<\/li><li>Liabilities are all the debts and money owed to others by the company.<\/li><li>Equity summarizes the number of investments in the company as well as the company\u2019s earnings.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Income_statement\"><\/span>Income statement<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The income\nstatement is also called profit and loss statement (P&amp;L), revenue statement\nor operating statement.<\/p>\n\n\n\n<p>The income\nstatement shows the company\u2019s revenues and expenses during a period of time.\nThe main categories include revenues, expenses, and income or profit.<\/p>\n\n\n\n<p>The income\nstatement provides information on how and when the earnings on the balance\nsheet arrive. The revenues can be shown per product family, region or business\nunit. It defines the allocation of cost and expenses and the operating profit\nbefore and after taxes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Journal\"><\/span>Journal<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A journal shows how the company keeps track of all its\nbusiness transactions. The journal records each transaction and includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>nature of transaction<\/li><li>the date of the transaction<\/li><li>the entities involved (i.e. a customer, a supplier, an employee, etc.)<\/li><li>the amount of the transaction<\/li><li>the result in the transaction<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Chart_of_accounts_and_general_ledger\"><\/span>Chart of accounts and general ledger<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In this section, the organization defines an account plan and a ledger for all its operational processes. It also includes the needs of its financial statements. The account plan is structured so that the financial statements can be shown by the type of expenditure. The ledger is automated using accounting software and records all the general ledger codes. <\/p>\n\n\n\n<p>General ledger accounts describe the type of asset, liability, revenue or expense.&nbsp; General ledger accounts don\u2019t change from year to year, letting organizations compare financial reports from year to year. The general ledger is broken down following number codes into the following ranges: <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Assets<\/li><li>Liabilities<\/li><li>Equity<\/li><li>Revenue<\/li><li>Expenses <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Accounting_accruals\"><\/span>Accounting accruals<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This section states the accrual policies and procedures. Accrual accounting means that revenues are recorded when they are earned. The general idea is that economic events are recognized by matching revenues to expenses at the time in which the transaction occurs rather than when payment is made or received. Any organization may accrue recurring expenses to ensure the timely closing of the general ledger.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cash_flow_statement\"><\/span>Cash flow statement<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The purpose of a statement of cash flows is to provide\ndetails on the changes in cash and during a period. The total amount of cash\nand cash equivalents at the beginning and the end of the period shown in the\nstatement of cash flows should be the same as similarly titled line items or\nsubtotals shown in the balance sheet as of those dates.<\/p>\n\n\n\n<p>A statement of cash flows is required to differentiate\namong cash flows from operating, investing and financing activities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bank_reconciliations\"><\/span>Bank reconciliations<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This section states the banks transaction policies and procedures.&nbsp; The bank reconciliation is the process of matching the balances in a company&#8217;s accounting records for a cash account to the corresponding information on a bank statement. The purpose is to ensure that all the company&#8217;s cash records are correct.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Inventory_accounting\"><\/span>Inventory accounting<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In this section it will define the criteria to follow\nfor material inventory and the method that the organization adopts:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>FIFO (First In First Out) system<\/li><li>LIFO (Last in First Out) system<\/li><li>Item by item<\/li><li>Average cost system<\/li><\/ul>\n\n\n\n<p><em>More about <a rel=\"noreferrer noopener\" aria-label=\"Inventory Valuation Methods (opens in a new tab)\" href=\"https:\/\/www.mrpeasy.com\/blog\/inventory-valuation-methods\/\" target=\"_blank\">Inventory Valuation Methods<\/a><\/em>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cost_accounting\"><\/span>Cost accounting<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This section will include the cost accounting system\nused for allocating costs and expenses. For example, the total cost of a landed\nshipment including purchasing price, freight, insurance, and other costs up to\nthe warehouse. The allocation can be defined per department, region or project.<\/p>\n\n\n\n<p>It also includes criteria to be followed for manufacturing costing. As the material and resources are incorporated into each work station, the products suffer added value. Therefore, the labor, energy, and other resources are gradually imputed to the product cost. Finally, the organization will get product cost, when the product reaches the warehouse.<\/p>\n\n\n\n<p>It also defines criteria for allocating direct and indirect costs. An example is a way of calculating the maintenance or sanitation costs in the final product costing.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Internal_control\"><\/span>Internal control<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Internal controls include all policies and procedures\nthat<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>keep reporting systems reliable<\/li><li>Integrates the company&#8217;s accounting software with\nother platforms<\/li><li>safeguard assets<\/li><li>prevent errors and fraud<\/li><li>optimizes the use of resources<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Property_and_equipment\"><\/span>Property and equipment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This section includes the\nmanagement of fixed assets. A fixed asset is a long-term tangible piece of property or equipment that a\nfirm owns and uses in its operations to generate income.<\/p>\n\n\n\n<p>It defines the review of all the records, its physical inspection, and inventory of all fixed assets. It considers the reconciliation with the balances of the general ledger. It also determines the assets depreciation and leasing policies. Some of the most relevant fixed assets that a company may have are:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Buildings.<\/li><li>Machinery and equipment.<\/li><li>Vehicles.<\/li><li>Office furniture.<\/li><li>Hardware and Software.<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Payroll_processing\"><\/span>Payroll processing<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This section includes payroll treatment. It includes among others:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Staff payroll.<\/li><li>Salaries, licenses and vacation periods of staff.<\/li><li>Maintenance of work time records.<\/li><li>incorporation and elimination of new employees.<\/li><li>Form of deposit to a designated bank account.<\/li><li>Personnel expense policy.<\/li><li>Tax declarations and associated aspects.<\/li><\/ul>\n\n\n\n<p><em><a href=\"https:\/\/www.mrpeasy.com\/blog\/what-is-accrued-payroll-in-manufacturing-accounting\/\" target=\"_blank\" rel=\"noreferrer noopener\">What is Accrued Payroll in Manufacturing Accounting?<\/a><\/em><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"End_of_month_and_fiscal_year-end_close\"><\/span>End of month and fiscal year-end close<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This section includes the execution, revision, filing and signing of all the end of the month and the end of the year accounting entries. The balance sheet accounts to be considered at the end of each fiscal period includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Cash accounts.<\/li><li>Fixed asset accounts.<\/li><li>Income and expense accounts.<\/li><li>Federal and state tax returns.<\/li><li>Annual declaration.<\/li><li>Other governmental documents.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Accounting manual is a document in which every organization defines its accounting policies and procedures &#8211; in this article, we give an overview of its goals and contents.<\/p>\n","protected":false},"author":4,"featured_media":4820,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[92,94],"tags":[80,226],"class_list":["post-4817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","category-tips","tag-accounting","tag-accounting-manual"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is an Accounting Manual? - Blog for Manufacturers and Distributors<\/title>\n<meta name=\"description\" content=\"Accounting manual is a document in which every organization defines its accounting policies and procedures - here is an overview of its goals and contents.\" \/>\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.mrpeasy.com\/blog\/what-is-an-accounting-manual\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is an Accounting Manual? - Blog for Manufacturers and Distributors\" \/>\n<meta property=\"og:description\" content=\"Accounting manual is a document in which every organization defines its accounting policies and procedures - here is an overview of its goals and contents.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog for Manufacturers and Distributors\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-17T10:35:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-14T07:12:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/03\/what-is-an-accounting-manual.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Karl Heinrich Lauri\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Karl Heinrich Lauri\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/\"},\"author\":{\"name\":\"Karl Heinrich Lauri\",\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/#\/schema\/person\/9f3fc21487b8bd06ee559963df65c254\"},\"headline\":\"What is an Accounting Manual?\",\"datePublished\":\"2020-03-17T10:35:46+00:00\",\"dateModified\":\"2023-06-14T07:12:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/\"},\"wordCount\":1276,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/03\/what-is-an-accounting-manual.jpg\",\"keywords\":[\"accounting\",\"accounting manual\"],\"articleSection\":[\"Accounting\",\"Manufacturing Tips\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/\",\"url\":\"https:\/\/www.mrpeasy.com\/blog\/what-is-an-accounting-manual\/\",\"name\":\"What is an Accounting Manual? 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