The Accounting Handbook provides guidance on policies, procedures, forms, and best practices in the areas of financial management, financial recording, and financial reporting.
Where do these policies and procedures come from? Watch our short video to learn about the Accounting Handbook and how it's developed.
How to write off uncollectable balances (receivables).
How to identify a capital asset, and record/depreciate it appropriately.
How to safeguard cash and the people who handle it.
How to obtain approval for, and administer, events designed to raise gift money for CU.
How and where to deposit cash gifts.
How to classify and record donations (gifts) of cash.
How to ensure that gift funds are spent in accordance with donor restrictions.
How and when to accept donations of goods, property, or services.
How to ensure that fiscal transactions are accurate and proper.
How to categorize and report money received from an outside source.
How to identify, classify, and record auxiliary and self-funded, fundraising event, gift, and sponsored project revenues.
How to identify when CU is responsible for sales and use tax, and how to remit payment.
How to handle external support for CU functions/activities, and what to do if support would become advertising income.