NGO Management - Indian NGO Funding Training Agencies Database

NGO Portal is a comprehensive knowledgebase of NGO’s and Non-Profits from India and around the world.
It contains a wealth of information regarding NGOs, NGO management, finalcial and legal aspects.
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NGO Portal is a comprehensive knowledgebase of NGO’s and Non-Profits from India and around the world.
It contains a wealth of information regarding NGOs, NGO management, finalcial and legal aspects.ngo database, ngo funding agencies, ngo india, indian ngos, international ngos, ngo training institutes
, financial management related ngos, legal aspects related ngos, fcra related ngo, income tax related ngo, registration related ngo,
provident fund related ngo, grants management in ngo, hr related ngo, developement jobs in ngo, consultants in ngo, admin related ngo,
vehicle management in ngo, travel related ngo, contracts in ngo, ngo news

Financial Management

Internal Controls - Cheque Transactions-2

Cheque deposits:  Ensure that as soon as you receive a cheque, you enter these in the books and deposit the same as soon as possible if the received amount is in order – preferably the same day or keep a day to deposit all the cheques – preferably two days in a week – as per the organizational guidelines.
 
Availabiity of Funds:  Make it a point to see the availability of budget in that particular head.  This is done by various people – first when a requisition is made by a person for payment they need to check and when it goes for approval the Line Manager also needs to check and when it comes to the Finance Manager/Accountant they also need to check before it goes for signature of authorized person.
 
Proper documentation:   In all the cases the most important part  is to ensure that proper required documentation is in place.   For any reason any document for a transaction is missing – keep a note alongwith other documents giving the reasons.     Ensure that the payment is made only after having the proper documentation and approved by Line Manager & authorized signatory.
Receipt:  Prepare a receipt as soon as it is deposited in the bank but only send to the party once the payment is realized.


~ ngoporta 02/09/2014

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