Finance Management

Financial Management is a management function that is responsible for the financial health of an organization. As part of its value system, ADHAR always put its sincere efforts to make its financial system utmost transparent. So, ADHAR follows following good practices in financial management:

• Financial transactions are being recorded regularly in the books of accounts/ system. Internal control mechanism is in place.
• The financial transactions must have all required valid supporting documents.
• ADHAR’s own policies and procedures are consistently being followed. Different level of accountability clearly designated.
• Accounting system provides reasonable security levels to restrict any kind of tempering with the financial information.
• Transaction monitoring should analyse all elements of the transaction. Determine accuracy, reliability and cost effectiveness of all supporting documents that are part of the financial transactions.
• Conduct periodic audit through internal, external and statutory Auditors, apart from the fixed financial review of different Donors and Funding agencies.
• Timely and accurate statutory compliances is ensured to adhere to the laws, policies and rules framed by the Governments in the country for the NGOs