SOFTWARE & PRACTICES

For Accounting BWSN practices double entry system on cash and accrual basis (hybrid system). FAMAS (Financial Accounting Management and Administrative System)/IPAS (Integrated Financial and Personnel Administration System) software is used which is widely recognized for financial recording keeping and producing financial report. The organization has separate bank accounts for each project. Financial structure of BWSN is composed of Director, Admin and Finance Manager, Finance Officer, and Finance Assistant. The organization segregates financial authorization of the expenditure complying internal control system. Recording and reporting of Transactions is done by finance officer, review is done by program head and approval is done by executive director .Bank reconciliation is done on monthly basis on every project bank account to ensure that all transactions are accurately recorded and that there are no discrepancies between the bank account and the organization's books. The financial report is shared with the project team and board members in the monthly meeting to keep them informed about the project activities and its performance. For the security purpose CCTV is installed on all the floors of the office, entrance & exit gate as well as insurance is done for the fixed asset. Financial documents are generally stored up to 10 years after the completion of the project. Internal audit is done twice a year and external audit is done once in a year by the statutory auditor and the report is disseminated in the general assembly.BWSN is also familiar using Commcare software, Wash info software, kobo tool.