Changes between Version 5 and Version 6 of projects/leadership-committee/dec-2011/reports


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Timestamp:
Dec 6, 2011, 7:32:58 PM (12 years ago)
Author:
Hilary Goldstein
Comment:

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  • projects/leadership-committee/dec-2011/reports

    v5 v6  
    1010I joined May First in April 2011 as an administrative coordinator/member associate.  My early tasks have focused on implementing new accounting procedures and protocols, conducting all the financial bookkeeping/record keeping to more accurately track May First's finances, and helping to create and implement a new membership payment policy.
    1111
    12 The new accounting system has been put in place.  We are using GnuCash, an open source operating platform.  While the system has a few of functional limitations, it has been a useful program for tracking basic revenue and expenses.  I have been able to reconcile Gnucash with our main bank account at Citibank and our online merchant Paypal.  I believe our records now represent a comprehensive and accurate picture of May First's finances for the year 2011 and will serve as a basis for building and maintaining more accurate budgets and projections moving into the future.
     12The new accounting system has been put in place.  We are using GnuCash, an open source operating platform.  While the system has a few functional limitations, it has been a useful program for tracking basic revenue and expenses.  I have been able to reconcile Gnucash with our main bank account at Citibank and our online merchant Paypal.  I believe our records now represent a comprehensive and accurate picture of May First's finances for the year 2011 and will serve as a basis for building and maintaining more accurate budgets and projections moving into the future.
    1313
    1414The system is limited in running reports, such as aging receivables and other member payment tracking information.  There is a need for more hands-on data entry to make the software truly functional in that respect.  This is currently in process.  But I am running GnuCash alongside the previous database program, so all the relevant information is available.