Is your homeschool group reconciling your bank account every month? You should be!
Carol Topp, the HomeschoolCPA, explains why bank reconciliation is the most important task you should do to manage your group’s finances. But don’t let your treasurer balance the checking account! It should be someone else. Listen to the podcast to understand why.
Featured resource
Carol Topp, CPA has written a book just for homeschool treasurers:
Money Management in a Homeschool Organization
- Does your homeschool group manage their money well?
- Do you have a budget and know where the money is spent?
- Do you know how to prevent fraud?
This 115 page book will help you to open a checking account, establish a budget, prevent mistakes and fraud, use software to keep the books, prepare a financial statement and hire workers. Sample forms and examples of financial statements in clear English are provided.
Carol Topp, CPA