Financial Reporting Internal Control Forms


Accounting controls over financial reporting is a crucial part of running a profitable business. Using specific 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 in order to create an easy and effective system of internal controls for small business accounting.

Financial Reporting Internal Control Forms

Easy to Customize in Word, Excel and Adobe

our Vitalics small business internal control forms are created as protected documents that you can add content to, yet easy to update the status of “protection” in order to customize your forms using Word, Excel and Adobe software. The forms are also compatible with MAC.

Instant Download through the Members Dashboard

Complete access to your internal controls for small business accounting financial reporting forms through the Vitalics members dashboard. Download one form at a time, or, all the forms including in the “Financial Reporting” category in a zip file. Vitalics does not require a monthly membership. When you purchase our forms, you have full and instant access to use them for your business.

Internal Controls SIMPLIFIED

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To see the complete list of forms per category or package, click on the “Quick View” Icon next to the product add to cart button.


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 145 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.

Download Vitalics and easily setup your financial reporting internal control forms today

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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.


Types of Business Schemes

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

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.

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

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!

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Financial Reporting Internal Control Forms

  • 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

  • Vitalics Internal Control Forms Bundle List

  • Internal Control Reports

    Company Organizational Chart

    Internal Control Program Detailed

    Internal Control Program Basic

    Risk Assessment Form

      The Vitalics Fraud Prevention and Internal Control Workbook

    Notes Memos and Corporate Forms

    Accounting Work in Progress Form


    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