- Chapter Cash Balance may be Overstated
- AP Bill Processing Status
- Update Bill Approval Designee for your Chapter or District
- 90 Day Reimbursement Deadline Policy
- Please Document Meals
- SCORE Chapter Accounting Policy and Procedures
- Treasurer Tuesday Winter Break
We appreciate all that you do for your volunteers and your communities through SCORE. SCORE HQ Accounting is currently working through the annual audit with our auditing firm, WatsonRice, and we expect the audit to be completed in January 2021. The FY18 SBA exam is fully concluded and we are finalizing the field work for the FY19 SBA exam.
A special Thank You to all the chapters who were selected to be part of the SBA FY19 Exam, for pulling together the source documents on such short notice.
Chapter Cash Balance on the Dashboard may be Overstated
In preparation for the FY20 SBA Exam, and as part of the FY20 annual audit, the staff are working in the back-office within Sage Intacct. This is causing some chapters cash balances to be temporarily overstated.
Is your chapter affected? Take a look on the Chapter Dashboard in Sage Intacct at the SOFP (balance sheet) on the right. If the Total Chapter Assets does not equal Total Chapter Liability and Net Assets, then your cash is overstated by the difference. (We covered this in last week’s Treasurer Tuesday Call.)