The organization hired a consultant to review the system, but cashbook, request and payment vouchers are used and computerized spread sheet to record and track financial transaction. XL spread sheet, but the system will be improved as the organization continues its development. However, it’s goes through request, authorization and approval by the Chief Executive Officer.
This also includes bank transaction payment is always justified with supporting documents. We also ensure at least two signatories to make withdrawal from the Bank. There is concise chart of accounts in place. The financial system ensures that receipt and invoices are properly documented. The Finance Officer is responsible for Bank reconciliation on monthly.