Cohousing-L Mailing List: Re: DIY Accounting vs Management Company

[Lynn Nadeau / Maraiah (welcome]

RoseWind (long built in Port Townsend WA) has always done accounting in house. 
Our treasurer keeps the books, dishes out reimbursements, collects assessments, 
does up a draft budget for us to start with each fall, based on the prior 
year's actuals. Our reserves and transactions against budget are visible to 
members online. Every 6 months the whole community gets a financial report at 
our monthly meeting. This has all gone very well. 

We have folks who keep the meal-money books, and who record who paid what for 
events held at the common house, but then the periodic deposits to those 
accounts are handed in to the treasurer to actually deposit in the bank. 

As I said, we have had no problems with this system. 

Maraiah Lynn Nadeau
RoseWind Cohousing, Port Townsend WA
where some seasonal rain has everything emerald green, in nice contrast to the 
red hawthorn tree berries, rose hips, and occasional colorful autumn leaves

and where a great many Halloween costumes are still home-made!