New Tool at myICLUB.com Helps Treasurers Balance Their Club's Books
Data entry errors can wreak havoc on a club's records. myICLUB's new feature helps catch these mistakes.
Investment clubs using the unit valuation system of accounting need to ensure that all transactions are recorded correctly, since even the smallest error can compound over time and cause massive headaches for the treasurer. Regularly reconciling the club's books to the club's financial accounts is a vital task.
Now, myICLUB.com has a new feature to help club treasurers with the task of account reconciliation. This new tool helps treasurers to match transactions in their bank and brokerage accounts to the entries in the club's books. You can find the link to the Account Reconciliation Wizard in the Accounting section of myICLUB.com, in both the Cash Accounts section and the Wizards section. Look in the left nav for quick links to the feature.
In our October 18, 2022, Investment Club webinar, Sean Pulrang of ICLUBcentral delivered a presentation on "Using and Reconciling Cash & Investing Accounts Using myICLUB.com." Sean provides an overview of the cash accounts features of the investment club accounting solution, along with an introduction to the brand new Account Reconciliation Wizard.
myICLUB.com is the world's most popular tool for investment club accounting and operations. Sign up for a free trial to see for yourself why thousands of investment clubs choose myICLUB.com to manage their club's books and operations.
For more on ICLUBcentral's tools for investment club accounting, operations, and tax preparation, please visit https://www.myICLUB.com.