Accounting Systems


Grantees are responsible for putting together a financial package using a variety of funding sources, including local lending institutions to ensure they can renovate or pay for new construction of facilities. Program directors, executive directors, members of the governing body and facilities managers must consider this guidance when planning renovations or new construction. The brief introduction emphasizes the importance of accounting systems.

Accounting Systems It is critical to set up accounts and sub-accounts and recommended that sub-accounts be created for each specific location or activity. Agency management must be able to track cash flow to determine how much has been spent on each site. Fiscal officers must determine if each posting is accurate in amount, is timely, and is posted to correct cost centers, accounts, and sub-accounts.

Accounting Systems. The National Head Start Facilities Assistance Desk. HHS/ACF/ACYF/HSB. n.d. English.