ACCOUNTING Lecture Notes - Lecture 1: Bookkeeping, Cheque
Document Summary
An introduction to bookkeeping for community non-profit organizations. The purpose of this section is to introduce core concept: "always leave a papertrail", and give easy tips for a person who is immediately assuming financial duties, but hasn"t yet read the rest of this document. So you"ve volunteered to be a treasurer for a community organization. It can take time to take over from your predecessor and/or setup accounting practises for a new organization. In the mean time, your organization still needs to move forward. But here are some simple guidelines that will immediately help: get for receipts for everything. There was at the start of the event, so we collected total. (person) is going to deposit in our bank account. " When in doubt, ask yourself: "if someone else looked at my records, would they understand how the money was spent?"
