TODO — make this yours. This is a generic starting template. Edit it to fit your own accounting operation: your GAAP/IFRS basis, your close calendar and deadlines, your ERP/GL and reconciliation systems, and your materiality thresholds and approval matrix. Delete what you don't use.

Accounting

End-to-end accounting and finance-ops methodology covering journal entry preparation, month-end close management, account reconciliation, variance analysis, GAAP financial statement presentation, and SOX 404 audit support.

Journal Entry Preparation

Standard Accrual Types and Their Entries

Accounts Payable Accruals — accrue for goods or services received but not yet invoiced at period end.

• Typical entry: Debit Expense account (or capitalize if asset-qualifying) / Credit Accrued liabilities
• Sources: open purchase orders with confirmed receipts, contracts with services rendered but unbilled, recurring vendor arrangements (utilities, subscriptions, professional services), employee expense reports submitted but not yet processed
• Key considerations: reverse in the following period (auto-reversal recommended); use consistent estimation methodology period over period; document basis for estimates (PO amount, contract terms, historical run-rate); track actual vs accrual to refine future estimates

Fixed Asset Depreciation — book periodic depreciation expense for tangible and intangible assets.

• Typical entry: Debit Depreciation/amortization expense (by department or cost center) / Credit Accumulated depreciation/amortization
• Methods: Straight-line = (Cost − Salvage) / Useful life (most common for financial reporting); Declining balance = accelerated method applying fixed rate to net book value; Units of production = based on actual usage or output vs total expected
• Key considerations: run depreciation from the fixed asset register or schedule; verify new additions are set up with correct useful life and method; check for disposals or impairments requiring write-off; ensure consistency between book and tax depreciation tracking