Internal Controls Cheque Safety

When we talk about internal controls, keeping cheques in a safe place is important so here we see some Internal Controls Cheque Safety a) Cheque should be prepared by a person and reviewed by another person before the same is sent for authorized signature alongwith required documentation. b) Ensure that all the cheques are stamped A/c … Read more

Internal Controls Cheque Deposit

Internal Controls Cheque Transactions-2 Cheque deposits: Ensure that as soon as you receive a cheque, you enter these in the books and deposit the same as soon as possible if the received amount is in order – preferably the same day or keep a day to deposit all the cheques – preferably two days in … Read more

Budget -3

V.Other things that need to look at while preparing a budget Once you have done the draft budget preparation, please also look at the following: · Check the formulas (if you are using a computer)· Check the number of units and the months etc.· Look at the previous years financial reports and see whether it … Read more

Budget -2

II. Staff : The other most important thing that we need to look at is the staff requirement for successful implementation of the project. We need to look at: a) How many programme staff required with specialization b) How many finance, admin staff are required c) How many members from the existing team give a … Read more

Budget – How to Prepare

Budget: Budget is a financial plan. All of us know what is budget as we do make our financial plans in our personal life also. Planning is an important part of budget and unless it is done in a systematic and planned way, the project may end up with shortage of funds or under-utilisation of … Read more

Payments By Cheque under FCRA

Payments by Cheque under FCRA Rs.20000/- or above Advisory to Associations Registered/granted Prior Permission under FCRA 2010 to incur expenditure of Rs.20000/- or above by Cheque. Download Official Document  source:

PAN Apply Online

To Apply for PAN Online go through the following: You can apply for PAN either through NSDL or UTITSL To apply on line for PAN through NSDL: To know Status of PAN applied through NSDL To apply on line for PAN through UTITSL:  To know Status of PAN applied through  UTITSL PAN Documents                    … Read more

What is PAN

PAN – Apply Online WHAT IS PAN?    Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to any “person” who applies for it or to whom the department allots the number without an application.   PAN enables the department to link all transactions … Read more

Bank Accounts

Bank Accounts NGOs need to open a General Account and an F.C. Account (if the organization is registered under FCR (Foreign Contributions Regulation) Act. F.C. Account: Under FCR (Foreign Contributions Regulations)Act every association is required to maintain a separate bank account which is meant for receiving & utilization of foreign donations. Funds received from foreign … Read more