
3 minute read
Finance & Accounting Tools
from OP Tools Catalog
by 2X Global
NAME LINK
Governance Reporting Template
Tool - Governance Reporting Template To be used in the event an SME or fund manager is looking for robust governance and financial reporting templates to be completed and shared before Board meetings. This template provides detailed instructions on how to complete the Summary Report, Financial Report, and Non-Financial Statistical Report tabs. Note: this is a third-party resource published by Hayes Knight.
Finance & Accounting Tools USE
management team as the investee company and the fund manager go about setting up the company's governance systems. The tool helps set expectations and compliments the Setting Up & Managing a GenderSmart Board SOP.
NAME LINK USE
13 Steps to Close the Books Guide
13 Steps to Close the Books Guide The purpose of this document is to provide an SME's accounting and finance department with a simple, sector-agnostic stepby-step guide on how to close their accounting books monthly, a discipline that all SMEs should commit to upholding.
13-Week Cash Flow Tool 13-Week Cash Flow Tool The 13-Week Cash Flow tool provides a company with a
NAME LINK USE
13-Week Cash Flow OnePager
Tool - 13-Week Cash Flow One-Pager An accompanying one-pager to the 13-Week Cash Flow Tool, this document provides a high-level overview of the steps a company must take to update and maintain the 13-Week Cash Flow Tool.
Mastering Cash Flow Tool Tool - Mastering Cash Flow This tool allows executives to calculate their marginal cash flow to determine if volume is hurting their growth, their Cash Conversion Cycle (CCC). The CCC will determine the number of days it takes from the time of purchase to getting money in the bank and the impact on cash by making marginal improvements to the seven levers of cash flow.
means to forecast weekly cash inputs less cash outputs, providing a company with an accurate projection of their cash runway over a rolling 13-week basis. The SME should regularly use this tool to help them make informed financial decisions.
How-To Guide for Creating a Business Budget
Tool - How-To Guide for Creating a Business Budget This "how-to" guide provides a high-level overview of the seven steps required to create a business budget and offers links to existing templates that companies can access online for free. Note: this is a third-party resource published by Bench.
NAME
A Guide to the IFRS for SMEs LINK
Tool - A Guide to the IFRS for SMEs
Tool - IFRS for SMEs Standards Supporting Materials
Tool - IFRS for SMEs Modules The International Financial Reporting Standard (IFRS) for SMEs is a set of globally accepted financial reporting principles tailored to SMEs' capabilities and needs. The IFRS organization published a guide, supporting materials, and a free self-guided training module that SMEs can use to better understand and apply the IFRS accounting principles to their company's financial reporting.
IFRS for SMEs Standards Supporting Materials
IFRS for SMEs Modules
Accounting Policies & Procedures Manual
Tool - Accounting Policies & Procedures Manual While there are several examples of accounting policies and procedures manual templates available online, RENEW finds this manual to be comprehensive without being overburdensome. RENEW updated it to fit the context of SMEs operating in Africa. SMEs can adopt the sample accounting policies and procedures outlined in the tool to strengthen their accounting function and systems. Note: this is a thirdparty resource originally published by Wegner CPAs that has been modified by RENEW.
Setting up A Finance Department
Tool - Setting Up a Finance Department This helpful article provides SMEs with an overview of: 1) what exactly a finance department is, 2) the main objectives of this department,