Top five things to do before your FEC filing
Many people tend to get overwhelmed or over stressed when it comes to FEC filing. Most PACs keep a ledger of all contributions and checks as they are received or issued. Here are 5 tips to make generating your FEC report easier using a ledger and a few tips of the trade:
1) Make sure all payroll files are imported correctly and match what is in the original file. Also make sure that all of your counter check deposits are entered into your data.
2) Make sure that all address, employer, and occupation information is entered into your data for all contributions into the PAC.
3) Make sure all checks are entered correctly in the data and are coded for federal, state/local; contribution to committee, operating expenditure, etc.
4) Reconcile all of your payroll deposits, counter deposits, and cleared checks to your current monthly bank statement.
5) Compare your monthly receipts and disbursements to what is on your contributions/disbursements ledger for the month. If it matches, generate your report!
Happy filing!
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