LCR Digital Expenses and Record Keeping

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
cbriarnold
New Member
Posts: 3
Joined: Sun Aug 03, 2014 2:37 pm

LCR Digital Expenses and Record Keeping

Postby cbriarnold » Thu Apr 11, 2019 7:17 pm

Please excuse me, if this has been asked previously. I have looked and found no conclusive word.

With the release of the latest LCR functionality for reviewing expenses digitally, is it required to keep the expenses documented and stored locally?

For Example, with the MLS system, we print out the check, have a copy of the receipt, and a document signed by the Stake President authorizing the expense.
In LCR, the receipt is digitized, the Stake Presidents authorization is digitized, for ACH transactions it is all digitized. Do we need to keep a copy of the receipt and Stake Presidents authorization on file?

scgallafent
Church Employee
Church Employee
Posts: 2173
Joined: Mon Feb 09, 2009 4:55 pm
Location: Riverton, Utah

Re: LCR Digital Expenses and Record Keeping

Postby scgallafent » Fri Apr 12, 2019 7:29 am

Short answer: no.

There have been several discussions regarding the new finance system. You might want to read through those and see what you can find:

Electronic reimbursements
Beta Electronic (ACH) Expense Reimbursement - Best practices
Entering Expenses on LCR


Return to “Local Unit Finance”

Who is online

Users browsing this forum: No registered users and 3 guests