It is important to properly set up a chart of accounts. A great resource for any association looking to beef up their chart of accounts is the ASAE Standard Chart of Accounts for Associations (www.asae.org). I highly recommend everyone download and read the entire document as it is only a few pages long and will discuss many of these concepts in much greater detail. Continue reading “THE POWER OF A DETAILED CHART OF ACCOUNTS”→
I’m not sure where the time went, but somehow it’s already time to deck the halls! Regardless of how you celebrate this time of year, you may be faced with some much needed preparation in the workplace for the end of the year. We’re sharing a new holiday carol for businesses. Continue reading “The Twelve Days of… Association Management”→
As an Association Executive or Board Member, the task of reviewing your CPA prepared Form 990 can be a stressful one. However, with a general plan of attack and the right tools, you can check this item off your list with confidence every year. Continue reading “HOW TO REVIEW YOUR ASSOCIATION’S 990”→
For me, January brings a fantastic time of year – new, fresh budgets! Budgeting is one of my favorite times of the year as it allows me to take an in-depth look at the financial operations of the association and better understand the story that the numbers are telling.
Did we hit our projected income this year? If not, why? What needs to be adjusted or done differently next year?
Did we stay within our budgeted expenses? If not, why? What needs to be adjusted or done differently next year?
What was our net profit for operational income/expense? Did we meet budget? Why or why not?
On any given day at least two to three cartoon theme songs are running through my mind! As I write, I am singing the Jake and the Neverland Pirates theme song.
It could be that I have two young children, or the fact that I love cartoons. However, regardless of the reasons, I can’t help but draw parallels between cartoons and association management. It seems that there are several lessons to be learned about how to build better associations from watching cartoon.