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Optimizing Financial Processes with Shelby Systems Cloud Financials

Learn best practices for handling money, internal controls, check writing, bank reconciliation, audits, cloud vs client server, fund accounting, stakeholder reports, accrual vs cash, managing payroll, taxes, and more.

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Optimizing Financial Processes with Shelby Systems Cloud Financials

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  1. Best Practices Using Shelby Systems’ New Cloud Financials Alfred Johnson Sales Manager

  2. Internal Controls

  3. Money Handling • Offerings counted by multiple people • Deposit offerings in a timely manner

  4. Check Writing and Approvals Check signers not involved with record keeping Use of supporting documents for check signers

  5. Bank Reconciliation Regularly completed and retained for future audits Not done by same person writing checks General ledger reconciled with all sub ledgers

  6. Audits Internal Annual

  7. Screenings Check with previous employers Watch for embezzlement history

  8. Cloud vs. Client Server

  9. Chart of Accounts Design Fund accounting Account levels / segments

  10. Stakeholder Reports Finance Committee Congregation Ministry Leaders Internal Auditors

  11. Accrual vs. Cash Differences Advantages of each

  12. Managing Payroll Should you outsource Taxes Reports

  13. Questions?

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