This Tuesday’s (11 June) workshop in our series is about accrual accounting and the journal. This is strongly recommended for administrators and treasurers in slightly larger not-for-profit organisations. Accrual accounting will likely become mandatory for organisations with expenses of $125,000 per year or more, and journal entries for accruals are the key factor that drives cost when using external accountants as well as for audits.
The workshop explains the most fundamental accounting principles (double entry accounting and the matching principle), which are important to understand for anyone attempting to create their own Statements of Financial Performance and/or Position.
There’s spaces left still. To register, please go to http://commaccounting.co/nz/qcart/