Your club in dollars and sense: good record-keeping is vital to a club's longevity.

Black Enterprise › Vol. 27 Nbr. 8, March 1997

Author: Brown, Carolyn M.

Position:: Investment Clubs - B.E. Personal Finance: Part 6

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Summary

Investment Clubs - B.E. Personal Finance: Part 6

Investment clubs should have a secretary or treasurer to keep accurate records of cash transactions. A professional accountant will probably be used for tax return preparations. Tips are given on how to keep the club's books. A regional member of the National Assoc of Investment Clubs is also a resource.

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Your club in dollars and sense: good record-keeping is vital to a club's longevity.

One of the more important tasks of any investment club is record-keeping. Forget whatever inhibitions you may have about accounting procedures. You will most definitely have to track every single cash transaction right down to the penny. And you will have to calc...

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