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-3

Cheque Safety:  
 
a) Cheque should be prepared by a person and reviewed by another person before  the same is sent for authorized signature alongwith required documentation.
 
b) Ensure that all the cheques are stamped A/c payee Non-Negotiable before hand.  One may ask what happen when  we want to draw cash -  this could be done  by  mentioning putting a cross on t the A/c payee Non-negotiable  and signed below by the authorized signatories.  Try and see once whether bank is accepting this before stamping on remaining cheques.
 
c) Put a Cello tape on the cheque amount.
 
d) Some even put a carbon paper behind the cheque in reverse side before writing the cheque.  The cheque impression is  copied on the back of the cheque in which case corrections to the cheques could be noticed.
 
e)  For any reason  if a cheque is cancelled, you should keep the cancelled cheque in the cheque folder or in a separate file if you are maintaining a separate file for cancelled cheques.  It is a good practice to put a note behind the cancelled cheque  the reason for cancelling the same.

Electronic Transfer:   Now a days most of the  transactions are made by electronic transfer wherever these facilities are avaible.  As soon as you receive message from a party about the transfer of funds/money you should check with your bank before issuing a receipt.  Now a days banks also send messages as soon as a transaction is taken place.
 

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Also see:

How to choosea Bank

Bank Accounts 

Bank Reconciliation 

Cash and Acrual based Accounting  

Accounting and Accounting Objectives 

Asset Register  

Financial Statements 

Cash and Fund flow 

Cash Book  

Advances 

Budget Preparation 

Book Keeping  

 Cost Effective Analysis  

Income Tax Slabs FY 2014-15 and AY 2015-16  


~ ngoportal 02/09/2014

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