Maintain Good Control Practices is Essential for Churches and Non-Profits

July 7, 2012 · Posted in Accounting · Comment 

Each non-profit organization has an obligation to manage integrity for its supporters through appropriate money-handling processes, filing, and auditing. External procedures include the way a non-profit organization represents itself, its mission, as well as its use connected with contributed funds.

An institution should have the ability to promote itself aggressively, without having to use hyperbole or misrepresentations. Internal procedures include everything from handling inbound mail, instruction of phone receptionists, capital and data flow, and controls.

Incoming mail procedures are very important, mainly because the man or woman who retrieves the mail, often is not the one that takes action on bills, donations, or important material. Phone receptions need to be trained to be courteous, as well as be aware of mission of the organization and it is possible to turn for help for any kind of request which may be unusual.

Phone receptionists are significant since they often are the “face” of the particular organization. They are commonly the earliest contact that the outsider has with the organization, and the impression which can be made is valuable. Therefore, training the receptionist should be regarded as a worthwhile investment.

Internal controls on money-handling are many times overlooked. The assumption is that people are honest. While this assumption is oftentimes correct, the desire for money-handling procedures goes beyond characterizing the money-handlers. Keeping an “honest man honest” is one step-above having no procedures. Being able to successfully advertise to the outside world that money-handling procedures are in place, that can be audited, is even closer to the suitable.

In other words, money-handling procedures add to the integrity of the organization. Duties should really be separated. Two non-related people should be involved with every practical part of money handling. Signing privileges should be separated from reporting and data entry. No signers should be allowed to edit the accounting books, for example.

Reporting and audits have three stages of escalating integrity. An internal review shows that reports are viewed by the board of an organization and made available to its constituency. A compilation is the general review by an impartial, outside reviewer, who verifies some level of accounting integrity has taken place. An audit by an third party agency is the very best procedure.

Sometimes it is cost-prohibitive, but it could very well add value to the organization. Record keeping is a needed function for a non-profit organization. There are a number of non-profit software programs that are available on the marketplace to enhance the record-keeping functions. They have good integration with membership communicating and book keeping capabilities. An organization should have a functional software, and robust internal procedures.

Take the next step.? This PowerChurch document containing church management software provides continuing information. You will be well equipped with important knowledge for establishing proper strategies and controls.

Using A Tax Preparation Service These Days

July 2, 2012 · Posted in Accounting · Comment 

When you choose to have your taxes done by another person, you might do so to avoid complicated problems with the government. Services for tax preparation Rochester NY will offer you a number of options. You will find that by using this type of professional you are more likely to avoid being audited as well.

Picking out the professional that you might use can be influenced by a few things. A person who works for themselves will find there are specific items that have to be done. In general, the returns are more complex which can create many issues if not prepared correctly.

For someone who just has a regular return, the process is a bit easier. However there can still be issues with the process. A standard return might include itemizing which in general can quickly become a complicated process that will lead to a number of issues when done improperly.

Many times the average person has little knowledge about taxes and the preparation of the forms that need to be filed. For this reason hiring someone with the special training in the area can be very helpful. Because the rules are likely to have significant changes from year to year, a professional can be helpful to you for this type of thing.

Using a provider to do this work for you will be very beneficial when you are unsure about the process to follow. Many different services can be found to help you complete the process. Of course you will need to provide all of the information as well as understand that more complicated returns require more documentation as well as a higher payment for the services.

Services for tax preparation rochester ny can help a person avoid an audit while ensuring that they are getting the highest possible refund that they are due. At the same time it can also help you to avoid taking deductions that you shouldn’t which will cause a wide variety of issues. Complex returns are often best dealt with by a professional.

We have a lot more helpful information about Using A Tax Preparation Service These Days .

Custom Object SAP IT Audit Risk reduced with Controls

January 23, 2012 · Posted in Auditing · Comment 

SAP system is helpful in automating the company’s business processes and also improves the productivity of the employees. As part of the SAP system there are multiple tables and programs. These tables and programs are required to manipulate the data in the system. During the process of implementing the SAP system customers have the option of creating their own tables and programs in the system. These tables and programs have to start with Z or Y. These are called as custom development objects.

The custom programs and table can make changes to the system, so it is required that the custom development objects are properly managed and documented. If left unmanaged there will be numerous custom objects in the system without proper documentation. This is like leaving the dog loose in the house and you will be pushed to the corner

The custom programs and table can make changes to the system, so it is required that the custom development objects are properly managed and documented. If left unmanaged there will be numerous custom objects in the system without proper documentation. This is like leaving the dog loose in the house and you will be pushed to the corner

SAP system is helpful in automating the company’s business processes and also improves the productivity of the employees. As part of the SAP system there are multiple tables and programs. These tables and programs are required to manipulate the data in the system. During the process of implementing the SAP system customers have the option of creating their own tables and programs in the system. These tables and programs have to start with Z or Y. These are called as custom development objects.

Getting Control of the SAP IT Audit Risk with SAP objects

Getting Control of the SAP IT Audit Risk with SAP objects

The custom objects created in the system can have sensitive data or just display data. But these objects have to be properly secured. For securing the custom objects following process has to be followed

Assign the custom object to an authorization group which indicates its functional team, sub team and the sensitivity of the data contained in the custom object

Then create a custom transaction to linking the object. This way the user can use the custom transaction for executing the transaction

For custom program also include authority check statement in the program so that the data can also further restricted.

Perform a trace analysis for the newly created transaction to identify the authorization objects required

Now update the SU24 settings in the transactions with authorization object found in your trace

Now update the SU24 settings in the transactions with authorization object found in your trace

Since the custom object are assigned transactions the training and testing can be focused on the transaction

Assigning data browser and program execution transaction to the user will cause performance issues. As the user will be able to execute data with wide open selection criteria

SAP Security errors can be reduced as objects needed for the transaction is automatically populated from the SU24 settings when the administrator creates the role

Tracking the transaction usage will easier

Tracking the transaction usage will easier

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