Effective Bookkeeping - Essay Example

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Effective Bookkeeping

A failure to keep books properly can have very real ramifications for a school, a district, and the workers in it: it could cause intense scandal and cost people jobs and the district money. Furthermore, regular audits are done to ensure that all moneys are accounted for in reasonable ways, meaning that mistakes will get found and will have real consequences for everyone in the chain of bookkeeping, which could possibly include dismissal. It is difficult to overemphasize the importance of proper bookkeeping. This will simply serve as a refresher, please remember that the full description of appropriate policies and legislation relating to school accounting can be found in the Tennessee Internal School Uniform Accounting Policy Manual. There are several things that can lead to effective bookkeeping, and it is firstly important to emphasize basic and fundamental general rules before moving on to the specifics. Firstly, a record keeping must be orderly and complete. Any transaction including school funds should be kept in a safe location, organized by date and able to be recalled at will. Secondly, transparency is of fundamental importance. If anything does seem to be amiss, it is my responsibility as principle to immediately notify a superior, and thus it is your responsibility to immediately notify me. ...Show more

Summary

Good bookkeeping is one of the most essential parts of a successful school: it will keep everything running smoothly, stop the ire of auditors, ensure that teachers and other workers get paid on time, and ensure that everything is done in a transparent manner in line with the expectations of public workers. …
Author : kennith17
Effective Bookkeeping essay example
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