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Best Practices Using Shelby Systems’ New Cloud Financials. Alfred Johnson Sales Manager. Internal Controls. Money Handling. Offerings counted by multiple people Deposit offerings in a timely manner. Check Writing and Approvals. Check signers not involved with record keeping
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Best Practices Using Shelby Systems’ New Cloud Financials Alfred Johnson Sales Manager
Money Handling • Offerings counted by multiple people • Deposit offerings in a timely manner
Check Writing and Approvals Check signers not involved with record keeping Use of supporting documents for check signers
Bank Reconciliation Regularly completed and retained for future audits Not done by same person writing checks General ledger reconciled with all sub ledgers
Audits Internal Annual
Screenings Check with previous employers Watch for embezzlement history
Chart of Accounts Design Fund accounting Account levels / segments
Stakeholder Reports Finance Committee Congregation Ministry Leaders Internal Auditors
Accrual vs. Cash Differences Advantages of each
Managing Payroll Should you outsource Taxes Reports