|Internal bookkeeping||<– Date –> <– Thread –>|
|From: Terri Hupfer (terriphch.org)|
|Date: Mon, 3 Jan 2011 09:35:50 -0800 (PST)|
Here at Pleasant Hill coho in Northern California we have done our own bookkeeping for 9 years. We have had one person as bookkeeper with two assistants. That person has now passed it on to me. We use Quickbooks and also have an outside accountant who does all our taxes. There is a lot of institutional memory which resides in one person, so it is good to have others trained and know what's going on. It is not overly time-consuming on a day to day basis, but requires a lot of time for the annual budget and when reports need to be generated. We have a committee called the FAT (financial advisory team) to which the bookkeeper belongs, the two assistants, and also our treasurer. We make recommendations to the community in money matters such as investment of reserves, contributions to reserves, and legal requirements for contractors, among other things. It is, as Brian from Fresno says, a little bit of an OCD type job. Terri Hupfer Pleasant Hill Cohousing
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