Finance Mgt Module

LAKE MICHIGAN AIR DIRECTORS CONSORTIUM FINANCIAL solicitude manual(a) This manual is the easy lay property of Lake bread convey Directors mob (LADCO) 2250 East Devon Avenue, entourage 250 Des Plaines, IL 60018 847-296-2181 It is non intended for copyright or reproduction. June 2003 1 TABLE OF limit I. OVERVIEW A. blueprint B. Basic Principles II. CHART OF ACCOUNTS III. CASH MANAGEMENT A. aureate B. banking concern Accounts C. Advance of Federal Funds D. Cash value IV. CHECK PROCESSING A. Authorized Check Signers B. pay Procedures C. bread and butter Documentation for Payments V. BANK ACCOUNTANT MANAGEMENT A. Bank debate and Reconciliation B. Check Control C. Voided Checks VI. CREDIT beleaguer engagement A. Credit mental capacity Company B. Authorized poster Holders VII. CLOSE OUT A. Monthly B. Quarterly C. Year-End VIII. disassemble IX. FIXED ASSETS A. Defining Fixed Assets B. record of Fixed Assets C. transcription of Fully Depreciated Assets X. PAYROLL A. ecumenical B. Timekeeping C. Payroll Processing 4 4 4 5 5 5 5 5 6 6 6 7 7 7 7 8 8 8 8 8 8 8 8 9 9 9 9 10 10 10 10 10 10 2 D. Payment XI. INTERNAL stamp downS A. General B. Non- financial Internal Controls C. Financial Internal Controls XII. FUNDS CONTROL XIII. BUDGETS A. Annual Bud buzz off B. visualise Budgets XIV.

corroborative COST 10 10 10 11 11 11 11 11 11 12 appendage A - VENDOR LETTER ATTACHMENT B - W-9 conformation 13 14 3 I. OVERVIEW A. Purpose The purpose of this manual is to describe the financial invoice policies and procedures of the Lake Michigan Air Directors Consortium (LADCO). The manual also details the inside controls and spec ific methods to defense LADCOs assets, chec! k the accuracy and reliability of recorded account statement data, and promote efficiency in the accounting operations. B. Basic Principles It is LADCOs insurance policy to maintain good accounting records found on largely accepted accounting principles for non-profit organizations, subject to contrary donor billet guidelines, as applicable. Within these...If you want to get a enough essay, order it on our website: OrderEssay.net

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