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Consistency in the application of accounting principles results in accurate comparison of financial results from period to period. Accounting manuals can serve an important role in providing assurance that similar events will be accounted for consistently. An accounting manual typically contains definitions or descriptions of the types of items to be included in each fund and general ledger account. In addition, the procedures for processing each type of item are described. The result is a standard process that helps assure that, regardless of changes in personnel, transactions will be accounted for consistently, internal accounting controls are in place, and financial results will be comparable from period to period. We have professionals with the experience necessary to help all types of not-for-profit entities develop and implement an appropriate accounting manual.
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