What kind of fiscal/accounting records should be maintained?
All fiscal/accounting records should be maintained and should include at a minimum a general ledger of all expenditures, time and effort records for employees, charges made to payroll as documented in a payroll ledger, purchase orders, invoices, receipts, travel vouchers showing actual travel expenditures reimbursed to employees, expense vouchers showing actual other expenses reimbursed to employees, cancelled checks, bank statements, and any other documentation that supports the financial transaction.
