Monthly Accruals Policy

The following sample outlines a set of policies and procedures for monthly accruals.

This policy establishes the standards and procedures for ensuring that the company accounts for monthly accruals in compliance with management's objectives and generally accepted accounting principles ("GAAP"). According to this policy, the purpose of monthly accrual procedures is to allocate expenses to the proper accounting period and match expenses with related revenues. At the close of each month, accrual procedures are needed to ensure that all expenses related to that month are properly included in the Company's financial statements.