| Overview The primary accounting record for an
organization will be its checkbook and the system of documents that tracks deposits and
disbursements from its checking account. Most locals should employ a computer based
accounting system because the information that is inputted correctly will be permanently
stored. It is extremely important that the information stored in the computer system be
saved and back-up regularly. The software used will also be able to process that data in
preparing standard financial statements with little additional work. A standard accounting
system software package is readily available to the local off-the-shelf. A single software
package is not practical because of the variety of locals needs. |