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Finance

Finance

Bangladesh Red Crescent Society is a humanitarian organization. Its main objective is to serve the vulnerable people with increase and maintain the image through the transparent record keeping and reporting of financial transactions. BDRCS has a Finance Department to manage all financial record keeping and reporting of project/ programs and its revenue also. In the last decade BDRCS has grown rapidly with the increase of numbers of project and programs in order the meet the growing demand of humanitarian assistance. The complexity and importance of proper and transparent financial management has been emerged as a critical priority for the Society which is near to impossible with a manual Financial Management system. To deal with the issue, the Department has been endeavoring toward transforming BDRCS financial management into a digitized one. And as a part of this the Department introduced NAVISION software since 2007 and recently in 2013 the version of the software was improved. However, the reach and coverage of the Navision is still low and all 68 Units, Hospitals, Stores and Blood Centers are yet to use any accounting software for their financial management which is a setback toward having a consolidated fully digitalized financial management of BDRCS. 

As a part of financial control system BDRCS conducts external audit every year at NHQ and Branches. Besides, BDRCS has an Internal Audit Department headed by Treasurer that conducts internal audit on a regular basis. However, internal Audit at all level on a regular basis is still an area that BDRCS is trying to improve.      

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