Cash Book Management and Reconciliation Unit
Cash Book Management & Reconciliation Unit
The Cash Book Management & Reconciliation Unit of the Osun State University Bursary Department is responsible for maintaining accurate financial records of institutional transactions and ensuring regular reconciliation of the University's cashbooks with bank statements. The Unit supports financial transparency, regulatory compliance and effective treasury management across the University.
BENSON EJIDOKUN Abiodun Rotimi
Deputy Bursar, Cash Book Mgt. & Reconciliation Unit
Functions and Responsibilities
Financial Reconciliation
- Monthly reconciliation of cashbook balances with bank statements.
- Verification of discrepancies between bank records and internal accounts.
Cashbook Posting
- Posting of payment vouchers into relevant institutional cashbooks.
- Recording financial transactions accurately within treasury records.
Cash Advance Management
- Posting and monitoring of cash advance analysis.
- Maintenance of the cash advance register.
Financial Documentation
- Filing and management of payment vouchers.
- Preparation of financial schedules and supporting documentation.
Statutory Deductions
- Preparation of statutory deductions including VAT and Withholding Tax.
- Ensuring compliance with financial regulatory obligations.
Journal & Financial Reporting
- Raising and posting of journal vouchers.
- Preparation of financial reports for Management and Governing Council.
Regulatory Liaison
- Liaising with External Auditors and regulatory agencies.
- Working with Accountant General, Auditor General, FIRS and OIRS.
Administrative Duties
- Carrying out additional treasury responsibilities assigned by the Bursar.