Understanding Your Operational Rhythm
This timeline provides a visual framework for understanding when and how often each accounting procedure should be performed. By organizing SOPs by frequency, you can better plan workload, allocate resources, and ensure nothing falls through the cracks.
Plan Your Week
See all weekly procedures at a glance to structure your team's recurring workload.
Month-End Readiness
Identify all monthly close procedures to ensure timely and accurate financial reporting.
Specialized Focus
Quickly locate grant management and other specialized procedures when needed.
How to Use This Timeline
- •Weekly Operations: Core procedures performed every week (AP processing, cash flow, revenue recognition)
- •Bi-Weekly Operations: Payroll and related procedures on a two-week cycle
- •Monthly Close: All month-end procedures including reconciliations, accruals, and reporting
- •Specialized: Grant management and other procedures performed as needed
Weekly Operations
Ongoing operational procedures
Bi-Weekly Operations
Every two weeks
Monthly Close Procedures
Month-end close activities
Platform Sync & Cash Transaction Classification
SOP-012
Payroll Accrual & Journal Entries
SOP-013
Bank Reconciliations
SOP-014
Prepaids & Amortization
SOP-015
Fixed Assets
SOP-016
Lease Accounting
SOP-017
Revenue Accruals, Deferred Revenue & Unbilled Grants
SOP-018
Accounts Payable (AP) Aging Reconciliation
SOP-019
Payment Platform Processing
SOP-020
Net Assets & Other Required Schedules
SOP-021
Monthly Financial Statement Preparation
SOP-022
Specialized Procedures
Grant management and specialized workflows
Your Expert
Kevin Collingsworth
Partner
"I'm here to help you customize these controls for your organization's specific needs."
Need help implementing these SOPs?
Every organization is unique. Fill out the form below to connect with our team and discuss how to adapt these procedures for your systems.