GET THE BEST FROM YOUR ANALYSIS BOOK

The ever fast moving business environment, has caused many to seek efficiency through automation and the clever selling techniques by vendors of accounting packages, has led most organizations to abandon hard cover analysis books prematurely and opt for soft ware accounting system to which to their dismay are wondering why it cannot generate the information that they need.

These software packages are greatly underutilized because most organization didn’t understand the fundamental principles of the analysis book.

An analysis book is a good part of an accounting system and if properly designed to capture information, can help shape the way source documents like receipts, vouchers and invoice are written, prepared and filed. 

From the analysis book one can know so much about how the business is running which is very critical for planning.

There is always a disparity between the financial statements of an organization and the analysis book format which shouldn’t be that case, given the fact that financial statements are  prepared largely from analysis books. 

An analysis book may not closely follow the standard accounting principles which is why organizations will differ in how they design their analysis books to fulfill their management objectives. That being said, the analysis book format should not violate the core accounting principle otherwise it will cease to serve its purpose of meaningfully reporting events that have transpired in the enterprise or organization.

Any organization thinking of automation or buying accounting software, should first of all understand the principles of the analysis book , tailor one for its self then upgrade its accounting system by automation.

An analysis book will capture receipts and payments and classify these incomes or expenditures in such a way that it reconciles easily with your budget and strategic plan. The concept of the analysis book will help an organization design meaningful budget lines, differentiate capital expenditures from current expenditures as transactions are taking place in real time as well as showing you your cash flows and what money is at hand and at bank at any one time (t).  

Developing a format in the analysis book is not quite that simple and JW & PARTNERS helps entities in this area.

Like all our other services, formatting an analysis book is a service that JW & PARTNERS does very well, and we would be happy to service your organization in this respect.

We do format and develop manuals on how the analysis book should be used, very important for reviews and training of new personnel.