Finding Text
Criteria: Proper internal controls over accounts receivable would include reconciling the accounts receivable balance between the general ledger and billing software. Statement of Condition: Significant Deficiency - The District’s accounts receivable general ledger was not reconciled with the accounts receivable aging report that is maintain in a separate billing software. Cause: The Treasurer was correctly recording the monthly activity from the billing software but was not reconciling the accounts receivable balance in the general ledger to the aging report from the billing software. Effect: The results of our tests revealed no questioned costs or material misstatements. Recommendation: Tara Volesky, Treasurer should reconcile the accounts receivable balance from the billing software with the accounts receivable general ledger balance monthly to insure an accurate accounts receivable balance on the general ledger. Views of Responsible Officials and Corrective Action: The District has added reconciling the accounts receivable balance from the billing software to the general ledger accounts receivable balance, to their monthly closing process.