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Barangay Financial Transactions Recording Procedures Presentation
Barangay Financial Transactions Recording Procedures Presentation
OF BARANGAY FINANCIAL
TRANSACTIONS
General Policies in Recording Barangay
Transactions
1.The following registries shall be maintained by the CCA/BRK for the five funds
of the barangay by class and by object of expenditures:
1.Disbursements by checks
a.All checks issued including cancelled ones shall be recorded by BT in correct
numerical sequence in the Summary of Checks Issued (Appendix 8);
b.Recording shall be based on the original paid DVs/Payrolls supported with
carbon copy of the checks issued and other supporting documents;
c.All the checks issued shall be recorded daily by the BT in the Summary of
Checks Issued (SCKI);
d.The SCKI shall be sub-totaled and recorded in the CHBReg daily; and
e.The SCKI shall be submitted to the BRK for recording in the Check
Disbursements Register 9CKDReg) weekly.
2. Disbursements out of cash advance for payroll
a. Cash Advances for payroll shall be recorded by the BRK in the Cash
Disbursements Register (CDReg) based on the SCKI submitted by the BT;
b. All payments out of cash advances for payroll shall be recorded by the BT/AO
in the Summary of Cash Payments (Appendix 9) based on the paid DVs/Parolls;
c. Submission of the Summary of Cash Payments (SCP) to the BRK shall be
supported with original paid DVs/Payrolls;
d. liquidation of cash advance shall be supported by SCP and paid
DVs/Payrolls; and
e. The BRK shall be responsible in recording transactions in the CDReg.