LAC 34:IX.503. Financial Accounting

A. Scope. A double entry financial accounting system provides a full accounting of all property requested, screened, received, issued, and disposed of, plus income, expenses, and status of the revolving fund. The system includes: 1. distribution documents (invoices); 2. accounts payable; 3. accounts receivable; 4. sale register (issues); 5. property receipts register; 6. deposit slips and vouchers; 7. cost center responsibility report (budget control); 8. general ledger; 9. payment of bills and expenses; 10. monthly financial report; 11. in-use inventory; 12. State Property Inventory Control Report; 13. record of disposals; 14. statistical analysis reports.