Tag: Mr Claw

The Importance of Volunteers

DCAS has always been proud of its record in providing volunteering opportunities and this has in many occasions helped further the careers of our volunteers.

This has never been more true than the case of Baker Salah, who after helping write our accounting manual ‘The Adventures of Mr Claw in the World of Charity Accounting’ has gone on to become a University Lecturer and will soon be awarded his Doctorate in Accounting and Finance. Well done Baker!!!

Volunteers are the bedrock of the voluntary sector. Without them we would not exist, as it is volunteers when acting as trustees who run charities.

Charity trustees

Charity trustees direct how a charity is run and help make sure it does what it was set up to do. This includes making sure the charity:

sticks to its charitable mission
has the money it needs
spends that money responsibly on the activities it was raised for
follows the law and doesn’t break its own rules

Charity trustees are also known as:

directors
board members
governors
committee members

Find out more here

The Importance of Bank Reconciliation

One of the most important tasks in preparing accounts for Independent Examination is Bank Reconciliation

A Bank Reconciliation is used to compare your records to those of your bank, to see if there are any differences between these two sets of records for your cash transactions. The ending balance of your version of the cash records is known as the book balance, while the bank’s version is called the bank balance. A monthly reconciliation helps you identify any unusual transactions that might be caused by accounting errors or fraud.

Our training manual “The Adventures of Mr Claw in the World of Charity Accounting” explains Bank Reconciliation and Statement production, and how to implement these procedures in to your organisation’s accounting procedures. Get your copy here

Business Planning Day

Thanks to all those who attended our Business Planning Day yesterday.

If you fail to plan, you plan to fail

Business Planning is essential to the welfare of all organisations. Our instruction manual has a whole section devoted to this essential subject.

Please get in touch here if you wish to know more

Bank Reconciliation and Statement

Our training manual “The Adventures of Mr Claw in the World of Charity Accounting” – which is being used at professional training courses in Book Keeping – explains Bank Reconciliation and Statement production, and how to implement these procedures in to your organisation’s accounting procedures. Get your copy here

Here is a brief extract:

The bank reconciliation is the means by which you can give yourself some self-assurance that you have recorded every item of income and expenditure, and that what you have recorded is correct.

When a group has a bank account, a record of the bank transactions is kept in the organisation’s cash book. In addition, the bank also keeps a record of these same transactions and this record is shown on the statement produced by the bank.

There are then two quite separate records of the same transactions.

It is therefore necessary to compare these records regularly to ensure that no errors have arisen, and to explain any differences that there are between the balances, i.e. those shown in the Cash Book and on the bank statement.

This comparison is known as a Bank Reconciliation Statement which is simply a method of explaining any difference that there may be between the two balances.

Mr Claw – The Book

Have you recruited new trustees recently?

Our training manual

‘The Adventures of Mr Claw in the World of Charity Accounting’

has proved to be a valuable source of information for those new to the business of understanding charity accounts, and all the rules and regulations that go with it!

We do have a few copies available for purchase, and if you would like a copy sending out to you for the bargain price of £2.50, plus postage, then contact us here