Muhasib (Accountant) Duties and Responsibilities

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Presentation transcript:

Muhasib (Accountant) Duties and Responsibilities Khurram Bashir Muhasib February 21, 2015

Duties He shall keep receipt books deposited by Secy. Mal in his custody and shall issue these to Secy. Mal as required and shall be responsible to get them back after use. He shall maintain a proper register for this purpose Muhasib will maintain following books of accounts: Cash book General Ledger/Impersonal Ledger He shall maintain account of all the receipts (Chanda as well as other income) He shall maintain account of all expenses incurred He shall ensure that all the expenses are made according to the approved budget. He shall also see that all the vouchers are properly documented and supported

continued… He shall obtain cash and bank statements from Amin and prepare their reconciliation statements and incorporate the reconciling items in the Income and Expenditure statements. In case of any discrepancy he shall report the matter to Amir/President At the end of each month, the Muhasib shall calculate the share of Markaz for each Chanda according to the prescribed rates and transfer it to Central Reserve. Note: Secy. Mal should not function as Muhasib and Amin. If there is a shortage of workers then office bearers other than Secretary Mal should be asked to perform these duties He shall be responsible to prepare Monthly and Annual Income and Expenditure Statements according to the format approved by the Markaz and submit them to Secretary Mal.

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