Two weeks ago, I delivered the Regional Accounting Unit Statement of Accounts to the auditor. I am now working on tweaking the central office audit.There have been massive improvements with the recent regional audit. For the last three to four months, I have been working on a new system that will give all fund-holders and organisers the ability to log in online and observe their respective unit bank statements on a daily basis. It has been a big job. Over a 12 month period there are many, many thousands of niggling transactions. To bring this new system into operation, it was necessary to transfer this data to the new system. It was painstaking work, but very worth the time and effort.It will also release myself of the burden of sending out monthly bank statements via post. In fact, statements have not been going out monthly, but rather sporadically when they have been requested. This is due to the fact that statements have not been available whilst the crossover period to the new online statement system has been in process. However, the new online statement system should be up very soon.It was not my intention to do two audits this year, but simply the one. John Walker has been extremely busy helping to set up the Excalibur/Treasury office, so we made the central audit a joint effort.My biggest problem when auditing is my pedantic nature. If a bank statement is just a few pounds out on the ending balance, many accountants, as have advised me, would simply write the discrepancy off if it is merely a few pounds; however, I just can’t bring myself to do this. I can’t sleep at night unless it balances 100%
If the BNP central and regional accounting units combined bring in an approximate turnover of £1 million, then I want every penny to balance.Finally, I would like to thank the good organisers and fund-holders for their patience.That is it for now, back to the audit.
Posted by hannam at 04:02 1 comments