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Intrusion detection provides two important functions in protecting information resources:
To maintain proper tax documents.
Files
To keep financial records safe
To reconcile anticipated income and expenses with actual income and expenses.
To reconcile bank statements with records
To safeguard the handling of cash received as a donation or payment for goods
To safeguard handling of checks.
To safeguard finances through the proper documentation of products or supplies received.
To document the receipt of donations or funding.
To safeguard finances through proper documentation of expenditures related to purchasing.
To outline the procedures for reimbursing employees.
To safeguard finances through proper documentation of payments for support services and fees.
To maintain and safeguard petty cash available for use.
To incorporate new employees, or changes to employee information, into the payroll system.
To safeguard finances through proper documentation of payroll.
To safeguard finances through proper allocation of payroll.
To comply with all federal, state, and other tax laws.
To safeguard finances through proper documentation of payments for goods or services.
To document the receipt of monetary contributions.
To outline procedures for merit increases or bonuses for employees or contractors.
To prohibit loans to employees and Board members
To safeguard investments by distributing tasks related to investments to more than one individual.
To protect staff members and officers by maintaining a corporate insurance policy.
To allow for indirect costs to be included in funding requests.
To safeguard grant revenue received from funders
To document grant revenue and other grant related communication.
Fixed assets are debited for capital expenditures incurred or assets donated. Donated assets are recorded at market value at the time of acquisition.
To establish policies and procedures that govern the financial operations.
To plan for financially related tasks; which must be performed on a regular basis.
To establish an oversight board for planning, implementing, and following up on audits and other financial operations.