Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Effective Bookkeeping - Essay Example

Comments (0) Cite this document
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. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.2% of users find it useful
Effective Bookkeeping
Read TextPreview

Extract of sample "Effective Bookkeeping"

Download file to see previous pages 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. ...
These include funds of a variety of sources, including rental fees for non-district use of school property, student activity fees, donations, and even including cafeteria money. One of the most important and sometimes irking aspects of accounting is that specific fees sometimes need to be assigned to specific tasks, and cannot be used for other tasks. A school’s general fund, which constitutes money gained for the operation of a school, for instance, are only allowed to be use to supplement and not to replace the obligations of the school board, for instance. This means that while the general fund should not be used for school repairs, for instance, which are the responsibility of the district. Thus it is important to keep auditors happy and the whole process smooth that we be very conservative when administering funds, keeping careful track of the money flow and be able to demonstrate that moneys collected under one fund, the general fund, for instance, are not used in inappropriate, or even seemingly inappropriate ways. Thus, it is incredibly important to keep strong firewalls between different kinds of funds used by the school, and flag any funds that might transfer between the two. Finally, it is of the greatest importance that enough internal controls are in place to ensure that the school is not damaged or defrauded, and that moneys are not misused. There can be very serious consequences from lack internal controls, including bank deposits being stolen, money being diverted for internal use, and so forth. This means things discussed above such as physical control of records, but also daily tallying of cash flows in and out (in cafeterias, and with cash registers, for instance) as well as ensuring proper security ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Effective Bookkeeping Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Effective Bookkeeping Essay Example | Topics and Well Written Essays - 750 words. Retrieved from
(Effective Bookkeeping Essay Example | Topics and Well Written Essays - 750 Words)
Effective Bookkeeping Essay Example | Topics and Well Written Essays - 750 Words.
“Effective Bookkeeping Essay Example | Topics and Well Written Essays - 750 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Effective Bookkeeping

Effective Alignment of Information Technology

Considering reports and issues such as privacy regulations, data protection, risk management compliance, project management and governance, information security, business continuity management and effective corporate governance, an effective IT infrastructure seems to be the primary tool for the implementation of practical and strategic solutions. An updated IT infrastructure is important for improving corporate governance and shareholder returns (Kaen 2003; Trites, 2004).
According to the Global Corporate Governance Principles, "Corporate governance" refers to the "relationship among various participants in determining the direction and performance of corporations. The primary participants are (1) the shareholders, (2) the m...
44 Pages(11000 words)Research Proposal

An Effective Planning Process

Managements first and the most fundamental problem is selecting the right individuals with the prospective for development. evenly important is the placement of those individuals in positions in the organizational structure where their talents are most desired.
Manpower development instigates with human resources planning also known as manpower planning, which establishes a firm's specific personnel rations. These are attained by a qualitative fortitude of the individual job specifications and of the specific characteristics required of a person for the successful performance of each job. Once these job requirements are recognized, it is essential to forecast the number of persons desired for each job. This stage of employmen...
11 Pages(2750 words)Coursework

The Effective Leader

 Instead, one accomplishes prominence by leading the field with one's ideas. If one thinks of some of the most renowned people in the field of Effective education, one knows they got to their positions not by demonstrating high scores on examinations of knowledge of books on effective education, but by being leaders with their ideas about how to educate the effective.
Effectiveness in leadership is, in large part, a function of creativity in producing ideas, analytical intelligence in assessing the quality of these sort of ideas, practical intelligence in executing the ideas and convincing others to value and follow the ideas, and wisdom to ensure that the decisions and their execution are for the common good of all stak...
10 Pages(2500 words)Assignment

How Effective Are the Current Environment and Ethical/Social Policies of Tesco

 Tesco has been accused of indulging in unfair and monopolistic activities, unethical price of price undercutting thus creating a squeeze on the competition and the local farming community. The volumes of goods traded and retailed leave a large carbon footprint. However, Tesco has stood it is for quite some time now by creating and implementing policies for ethical and responsible for not only fending media accusations but also by stating, and implementing ethical and social policies.

According to Walley (2005), sustainable practices are best developed with an interplay of forces outside organizations like laws, regulations, and competition and organizational policies like governance, and social and ethical practic...
10 Pages(2500 words)Assignment

Effective Methods of Teaching Anatomy

Herein, comparisons will be made to highlight the differences in using anatomical models for study versus self-directed (usually textbook) learning. As well, the use of tutors as an advantage in the medical classroom will be discussed.

Some students are hands-on learners. For them, three-dimensional (3D) anatomical models are effective. “Exploratory tools enable users to investigate structures in ways not possible in the real world” (Implementing, para. 3). These 3D models can represent just about any part of the human body. Models are available of small structures, like the head, or of the entire human skeleton. Models of the entire human body can also be purchased. Some of them even have removable parts so...
6 Pages(1500 words)Report

Measures of an Effective Organizational Performance

Social capital has an important role in the goal-attainment of actors through the support of relationships. Actors could either be individual people or groups such as firms and other organizations. In groups, the social relations matter most between, and not within, the groups (ibid). Apparently, it cannot be discounted that within the group and individual has social capital in associations between people, yet then the significant actors are the members of an organization, not the organization as a whole. Like physical and human capital, social capital also demands investment to construct.
Entrepreneurs and managers nowadays are venturing into the realm of social capital because of two important elements that trail with it, w...
10 Pages(2500 words)Assignment

Effective and Ineffective Evaluation Tool

It has been an endless matter of debate for decades as to which methods reap effective results and which not.
One of the most effective tools for assessing students’ annual performance has to the one with a more comprehensive approach. The feedback by the teachers is very crucial for the students. It is the assessment plan which is developed by the teachers upon the on-going students’ achievements throughout the course and not merely upon the written traditional examinations1. It is considered to be an effective assessment tool because it reflects directly on the teaching and learning process of the teachers and students respectively. Feedbacks also help the students to engage in reflective, constructive and analy...
7 Pages(1750 words)Assignment

Response of Effective Leaders to Diverse Team Environments

An effective leader is the one who adapts to the changing scenarios in terms of the team he leads and also in terms of the circumstances that the team faces. Herscovitch and Meyer (2002) have confirmed that workplaces are faced with endless change (s), and Paton and McCalman, (2000) have further stated that effective management of that change is an important competency currently required by an organization

Advancement in technology, travel options, communications and liberalization of international business regulations has incorporated numerous possibilities of conditions with diverse natures within the work environment. This trend was found to increase in the early nineties. The transference of a command-driven economy...
7 Pages(1750 words)Case Study

Effective Urban Planning

...What constitutes the aesthetic aspect of urban environments, and is this a quality of the environment which urban planning should seek to maintain and enhance? Urban planning involves the development of towns and cities that foster social connections between people and maintaining the aesthetic quality of the place. Effective urban planning is sustainable and has long-term effects on the development of the cities. These terms are normative concepts since they depict the aims of urban planning. Aesthetics is associated with a sensory experience. It encompasses the appreciation of things one like. The aesthetic quality is determined by how pleasing something is to the senses. Environmental...
6 Pages(1500 words)Essay

Effective Practices for Teaching Children to Read

...An overview of Effective Practices for Teaching Children to Read Teaching how to read is a complex process that requires a lot of expertise and experience. It is an art and a science at the same time. Its scientific part requires that the teacher should possess the necessary skills about reading, based on scientific evidence. It is an art since it requires that the skills be applied effectively in order to achieve the best results. A difficulty comes in the actual application of the skills. A teacher may be well equipped with the scientific knowledge but may lack on the effective teaching practices, which are necessary in delivering. A teacher who knows to teach how to read is the one who associates well with the children and knows...
7 Pages(1750 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Effective Bookkeeping for FREE!

Contact Us