“Your money is the lifeblood of what you do, how you do your business, how you pay your team, how you pay your bills, how you pay your taxes, all of those things. And so, what I would like to, recommend, encourage, and provide some guidance on is how to set up SOPs in your business for the financial functions that you do?”

 – Andrea Jenson

Welcome to a brand new episode of the Cash Flow CFO Podcast. Join me on this solo episode as I discuss how SOP accounting and finance processes can make you millions.

Your ability to do what you do, run your business, pay your employees, pay your bills, and file your taxes depends on how much money you have. Andrea would like to urge you to establish SOPs for your company’s financial operations and to offer some advice on how to do so.

So, in this episode, we will discuss how SOP accounting and financial processes can generate you millions of dollars and much more!

Join us to learn the whole story!

“So, in our accounting firm, when we work with clients, that’s one of the very, very first things that we do. They don’t get to go out of onboarding until they have SOPs in place for every single function. Accounts payable, accounts receivable, payroll processing, how the accounts are coded, and how the month end takes place.”

 – Andrea Jenson

How SOP Accounting and Finance Processes Can Make You Millions

In the field of accounting, consistency and dependability are critical. You can accomplish that goal by using a defined procedure for finishing assignments.

The Cashflow CFO ties together loan statements, reconciles cash and credit card accounts, and examines the various debt schedules. To ensure they have an SOP for every aspect of how money enters their client’s business, they carry out all these tasks monthly and tie payroll quarterly to the reports submitted with the government.

“So, we’re doing the reconciliations of the cash accounts and the credit card accounts. We’re tying out loan statements. We’re looking at all the different debt schedules. We’re doing all of these things on a monthly basis. We’re tying out payroll, on a quarterly basis to the reports that are filed with the government to make sure that we have a SOP in place for every single piece of how money moves in through that business.”

 – Andrea Jenson

Want to get in touch with Andrea Jenson?

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