Cohousing-L Mailing List: Re: Do-It-Yourself Bookkeeping?

[Diana Carroll (dianaecarroll]

I do all the bookkeeping for our 22 household community. I taught myself 
quickbooks and there has definitely been a learning curve. I've probably 
unnecessarily reinvented the wheel any number of times. But it's less work than 
I feared. On a normal month (not during tax or budgeting or end of year) I'd 
say it takes less than 15 hours a month.  I'm not sure what else to say about 
it. Happy to answer any specific questions. 

Sent from my iPhone

On Jan 2, 2011, at 6:01 AM, R Philip Dowds <rpdowds [at] comcast.net> wrote:

> 
> Our 32-unit community is considering (with some fear and trepidation)
> dropping the bookkeeping and check-writing services of our management
> company (which is far from perfect at this job), and doing it for ourselves
> in Quickbooks.  As a self-taught amateur who has used MYOB and Quickbooks to
> manage the finances of organizations much larger and more complex than our
> community, this seems like a good move to me — but others are very wary, and
> want to know more about how this is working for other cohos.
> 
> So, if you have relevant experience and could reply ...
> * Are you doing your own bookkeeping in house?  If so ...
> * What configuration of volunteers, programs, and procedures is working for
> you?  And, 
> * Did you try it, but then abandon it?  Why is that?
> 
> Philip Dowds
> Cornerstone Cohousing
> Cambridge, MA
> 
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