BP 11122023 129pm - Flipbook - Page 35
summer camps or programs, etc. Material differences should be investigated and resolved. Final
reconciliation documentation should be reviewed by a third party.
Inventory: For school bookstores, concessions and cafeterias, parish gift shops and other similar
operations with inventories, the accountant and operation manager should meet monthly and
reconcile the sales per operation to the general ledger. Sales should be verified in writing.
Inventory should be conducted at least annually, documented, and retained. Accountant should
conduct inventory spot checks periodically throughout the year. Reconciliations should be
reviewed by a third party. See Gift Shop Guidelines.
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