VITALICS FINANCIAL REPORTING INTENRAL CONTROL FORMS

Accounting controls over financial reporting is a crucial part of running a profitable business. Using specific control forms for financial reporting and banking review will lower your fraud risks and keep the earned profits within your organization. The Vitalics Financial Reporting Internal Control Forms are easy to customize for your small business.

Financial Reporting Internal Control Forms

Vitalics Financial Reporting Internal Control Forms

Includes 14 Financial Reporting Internal Control Forms
Easy to customize in Word, Excel and Adobe
Complete List of Forms

Electronic Download $29.00

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Vitalics Internal Control Forms Bundle

Includes Over 145 Control Forms
Eleven Internal Control Categories
Vitalics Fraud Prevention and Internal Control Workbook
Easy to customize in Word, Excel and Adobe
Complete List of Forms

Electronic Download ~~$169.00~~ – On sale – $139.00

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WHAT IS VITALICS

Vitalics is a small business internal control program that provides all the tools to easily set up and implement your company’s controls. Vitalics contains over 140 already created yet customizable internal control forms, checklists and templates and a fraud prevention and internal control workbook. Vitalics forms are also available separately. Whether you are a business owner, office manager, bookkeeper or accountant, Vitalics will provide you the reassurance that your work or your company assets are protected.

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DID YOU KNOW ?

Journal entries are an easy way to hide embezzlement. The reason is they lack review or substantiation and most business owners accept a journal entry at face value as the “bookkeeper or accountant” knows what they are doing and are fixing errors or providing tax benefits to the company’s income. Financial reporting controls are essential to safeguarding your business from fraud and embezzlement.

COMMON OCCUPATIONAL FRAUD SCHEMES

Types of Business Schemes

ILLEGAL GRATUITIES

An illegal gratuity scheme is similar to bribery except that there is no intent to influence a particular business decision, but to reward someone for making a favorable decision.

FINANCIAL STATEMENT FRAUD

Financial statement fraud is the intentional misstatement of financial reports by omitting over over stating critical facts or disclosures, misstating amounts, or misapplying GAAP.

COLLUSION

Collusion is a fraud scheme perpetrated by two or more employees or outside parties, each of whose job responsiblities is necessary to complete the fraud.

OVERSTATEMENT OF ASSET FRAUD

An overstatement of asset fraud is a financial statement fraud involving the recording of assets and amounts higher than they should be.

FINANCIAL PROCEDURES
Helpful suggestions

Setting a deadline for financial reports
Make sure your financial reports are completed and provided in a timely manner. Depending on your business size, the 15th to 20th of the month is ideal.

Limited journal entries
If your bookkeeper or accountant creates multiple journal entries, make sure you REQUIRE back-up documentation to substantiate those entries. Journal entries should be limited to year end from your CPA.

Condensing Accounting Cumputer Data
Make sure you do not allow anyone to condense your computer data without your knowledge and without a full back-up that can be restored. Condensing data converts prior year records into a journal entry and do not allow in-depth review especially in audits.

Reviewing your financial reports
Many small business owners are too busy to review their records. This is a costly mistake. Make sure you review and sign off on your records and if you don’t understand how to read a Balance Sheet and P&L ask your CPA to explain it to you!

Internal Control Reports

Customer Credit Review Form

Company organizational chart

Employee Mileage Log Reimbursement Form

Internal control program detailed

Internal control program basic

Petty Cash Receipt Form

Petty Cash Request Voucher

Risk assessment form

The Vitalics Fraud Prevention and Internal Control Workbook

Notes Memos and Corporate Forms

Accounting work in progress form

Memorandum

Minutes of the meeting log sheet

Minutes of the meeting template

Accounts Payable Internal Control Forms List

Accounts Payable Check Run Form

Accounts Payable Checklist 12 Month

Accounts Payable Checklist

Accounts Payable Reconciliation Form

Accounts Payable Month End Checklist

Accounts Payable Month End Checklist 12 Month

Approved Vendor List Form

Automatic Payment Update Form

Automatic Payment Form

Automatic Payment List

Change in Vendor Form

Check Request Form

Credit Card Reconciliation Checklist 12 Month

Credit Card Reconciliation Checklist

Current Vendor Review Checklist 12 Month

Current Vendor Review Checklist

Employee Credit Card Request Form

Expense Reimbursement Checklist 12 Month

Expense Reimbursement Checklist

Expense Reimbursement Form

Manual Check Payment Checklist

Manual Check Payment Checklist 12 Month

Missing Receipt Form

New Vendor Checklist 12 Month

New Vendor Checklist

New Vendor Request Form

Receipt of Vendor Refund

Rejection of Vendor Invoice

Vendor Application

Vendor Black List

Vendor Over Payment Notice

Wire Transfer Request Form

Financial Reporting Internal Control Forms

Authorization to condense computer data form

Bank reconciliation checklist

Bank reconciliation checklist 12 month

Cash flow reconciliation form

Journal entry checklist 12 month

Journal entry form

Month end checklist

Owner checklist

Profit and loss horizontal analysis

Password file

Ratio analysis template

Year end checklist

Sales tax bad debt summary form

Year end W9 1099 list

Human Resources and Payroll Internal Control Forms

Authorization for background and credit check

Conflict of Interest Policy

Employee handbook

Fraud policy

Human resource checklist

Human resource checklist 12 month

Job description form

New hire form

Termination of employment form

Employment contract template

Change in employee payroll information form

Employee advance request form

Employee roster template

Payroll checklist

Payroll checklist 12 month

Payroll disbursement form

Payroll reconciliation form

Payroll month end reconciliation form

Probationary period agreement template

Travel Per Diem Request

Travel Per Diem Schedule

Workers Comp Audit Journal

Cash Banking and Assets Internal Control Forms

Asset reconciliation form

Disposition of fixed asset form

Fixed asset checklist

Fixed asset checklist 12 month

Fixed asset listing form

Fixed asset payment request form

Fixed asset purchase form

Fixed asset transfer of location form

Lost or stolen asset form

Sale of fixed asset form

Bank deposit checklist

Bank reconciliation approval form

Bank reconciliation template form

Un-cleared check list

Un-cleared deposit list

Cash drawer reconciliation form

Cash sales checklist

Credit card reconciliation approval form

Petty cash checklist 12 month

Petty cash journal

Petty cash reconciliation form

Accounts Receivable Internal Control Forms

Accounts Receivable Internal Control Forms

Accounts receivable checklist

Accounts receivable checklist 12 month

Accounts receivable deposit form

Accounts receivable reconciliation form

Accounts receivable credit card payment deposit form

Bad debt request form

Change in customer information form

Credit card payment authorization form

Current customer review checklist 12 month form

Current customer review checklist

Customer outside collections forms

Customer credit application

Customer black list form

Customer collection list form

Customer lost payment form

Daily cash receipts form

New customer checklist form

New customer checklist 12 month

New customer form

Personal guarantee template

Returned customer payment form

Sales commission request form

Sales tax bad debt summary

Weekly sales form

Purchasing and Inventory Internal Control Forms

Disposition of inventory form

Inventory access by personnel form

Inventory checklist

Inventory reconciliation form

Inventory transfer of location form

Inventory valuation listing

Lost or stolen inventory form

Physical inventory count form

Purchase order checklist

Purchase order reconciliation form

Financial Reporting Internal Control Forms

VITALICS FINANCIAL REPORTING INTENRAL CONTROL FORMS