Each line item on the fixed-asset accounting record
will receive a transaction code to link it to the reconciled inventory file.
B&M Financial Management understands the unique challenges some businesses face during tax season and throughout with producing accurate accounting record
. Bookkeeping may seem like a easy task, but in actuality if not managed properly the business can run into cash flow crunches.
The Commission considers that maintenance of the cost accounting record
and cost audit reporting is necessary to foster efficiency and promote sustainable growth.
A COMMUNITY council has been criticised for not maintaining proper accounting records
and failing to demonstrate proper management of public funds.
Edward Ouko in his assessment for the period under review said the state owned dairy firm kept adequate accounting records
of its operations.
"Eng Mosonik, the erstwhile accounting officer, should be reprimanded for failure to ensure that the ministry kept correct financial and accounting records
that are supported by necessary documents and reconciled in line with the PFM Act of 2012," the report says.The committee further wants the Ethics and Anti-Corruption Commission (EACC) to expedite investigations on irregularities in retention funds "with a view to prosecute those involved in the misuse of public funds.
Menard would deposit the money into the firm's trust account, withdraw it and deposit it into the firm's business account, then withdraw money from that account to pay personal expenses, business expenses or withdraw the money and deposit it into Menard's new law firm's business account.<br />The OLR also alleges Menard failed to keep proper trust accounting records
and lied to the OLR that he had hired an IT firm to reconstruct those records.<br />The OLR is seeking the revocation of Menard's law license and an order for Menard to pay more than $113,000 in restitution.<br />Menard responded to the charges in an answer filed May 18, denying the OLR's allegations of misconduct and asking for the complaint to be dismissed.
Baker was suspended for three years, nunc pro tunc to March 24, 2014, with conditions, for engaging in gross negligence of trust account management in violation of Rules 5-1.1 (trust accounts) and 5-1.2 (trust accounting records
Instead of proving he had no income, the court pointed out Mendez failed to submit his accounting records
and other documents despite notice by Bureau of Internal Revenue officers.