Project cash accountability and receipt reconciliation
- The gap
- Project funds could move from the owner to a project manager without accounting holding a complete authorisation-to-receipt audit trail.
- What I did
- Mapped the existing flow, designed the future-state control process, and presented the owner with a structured accountability and reconciliation framework.
- Outcome
- Accepted by the owner and implemented as the company’s mandatory operating procedure. I am named as accountant and process owner.
- Controls now in place
- Project materials list; signed cash request form; owner funding reference; payment evidence; prompt receipt submission; Tally posting; missing-receipt exception follow-up; accountant attendance at project management meetings.
The control framework is live. Percentage impact figures remain projections until measured 30/60/90-day results are available.