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24th December 2014
Sounds boring but ignore at your peril otherwise you could be mightly embarrassed. Suspense accounts are a sort of cop out. If your book-keeper doesn't know what to do with the input then it could well end up in a 'temporary' suspense which means it's not reported properly. READ MORE
2nd December 2014
Recent years have not been kind for charities as donations and grants have been cut. Both charities and donors are wondering if their cash is being used effectively. So it's even more important to keep a tight rein over financial matters, a responsibility that is becoming evermore a focus for trustees. However finances are often the area that receives insufficient attention. If you're a trustee, are you receiving prompt, sound, regular financial reports which you understand. If there's a doubt here then there's a risk. READ MORE