Items related to Club Accounts, and Their Control

Club Accounts, and Their Control - Softcover

Harold Tansley Witt

 
9781332749522: Club Accounts, and Their Control

Synopsis

This book provides a detailed system for managing the financial affairs of social clubs, golf clubs, and working men's clubs. The author emphasizes principles of control and accountability, including the separation of bar stock from consumable stock, and he describes the use of departmental percentage, in which each department within the club aims to maintain a consistent percentage of profit. The author advocates the use of forms and ledgers for recording relevant data and provides sample forms in the text. Of particular note is his recommendation to ascertain the approximate weekly consumption of stock at selling price so that inventory may be purchased incrementally, in exchange for cash, preventing inventory abuse. The author also offers guidance on dealing with suppliers and ensuring the accuracy of invoices and other records. By following the comprehensive system outlined in this book, clubs can improve their financial management and ensure the efficient operation of their various departments.

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