The typical business needs a system of policies and procedures in order to reduce errors, minimize fraud, and maintain tight control over its operations. Accounting processes from invoicing to reporting Businesses of all sizes have to deal with accounting and it can be a bit difficult if you’re new to it. Without an effective accounts receivable process, you risk losing out on valuable revenue. The Accounting Procedures Guidebook contains the detailed procedures and forms needed for every accounting system, from accounts payable to treasury, as well as for such operational areas as order entry, shipping, purchasing, and receiving.