Accounting & Financial Control Policy

Accounting & Financial Control Policy

MONEY RECEIVED

All payment to Essential Homecare Services is done through BACS directly into EHCS business account.

MONEY PAID OUT

All bills are paid by either business credit card or by cheque.

Liability and vehicle Insurance is paid by direct debit on a monthly basis over 10 months.

Receipts for monies out are recorded on business card statements or on our bank account statements sent to us on a monthly basis.

ACCOUNTS

Essential Homecare Services accounts are audited on a yearly basis by our accountant Stanley Woods & Co.  The year ending is 5 May.

FINANICAL CONTROL

Gifts and bequest policy (policy No 3) safe guard’s staff and service users in relation to be given gifts or donations.  Receiving gifts is very much discouraged.  If a member of staff is offered a gift they will contact Essential Homecare Services to check if it is acceptable.

Essential Homecare Services will have the service user care plan clearly documented if Essential Homecare Services staff are to handle service user’s money. (policy No 35) If this is the case then a cash transaction sheet will be included in the client folder to record:

  • Money received
  • Money spent
  • Change returned
  • Signed by both user and staff member.

ESSENTIAL HOMECARE SERVICES DO NOT HOLD ANY VALUBLES FOR SERVICE USER’S

REFERNECE:

Policy No 3 – Gifts and bequests is rigorously enforced

Policy No 35 – Handling clients’ money    Regulation 15 (d)

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