Incorrect Reimbursement Amount

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
Post Reply
Hilohi
Member
Posts: 194
Joined: Sun Dec 26, 2010 8:22 pm

Incorrect Reimbursement Amount

#1

Post by Hilohi »

One of our ward's assistant clerks mistakenly issued two reimbursement checks in the incorrect amount. Those two checks have since been cashed. Furthermore, both checks were issued in amounts greater than the amounts actually spent. How should I deal with this situation and how can I rectify it so that it isn't an exception on our upcoming financial audit?
russellhltn
Community Administrator
Posts: 34417
Joined: Sat Jan 20, 2007 2:53 pm
Location: U.S.

Re: Incorrect Reimbursement Amount

#2

Post by russellhltn »

There are two choices: Ask the member to return the amount on a "tithing" slip made out to budget (same as done for any funds left over after an advance) or if the amount it small, declare it immaterial.

See this thread for more discussion.
Have you searched the Help Center? Try doing a Google search and adding "site:churchofjesuschrist.org/help" to the search criteria.

So we can better help you, please edit your Profile to include your general location.
Post Reply

Return to “Local Unit Finance”