Managing Your Finances Managing Your Finances All accounting registers, journals, and ledgers are up to date.
All financial reports are prepared and submitted in a timely manner.
Procedures for the use of petty cash are properly developed. All expenses other than petty cash are paid by check. Financial activities are separated in such a way that one person alone never registers, reviews, and authorizes any complete transaction. Procedures for authorizing purchases are being followed. Security measures are in place to protect the assets, books, and registers from tampering or theft.