Document Type
Article
Publication Date
1920
Abstract
It is evident that to be able to have complete information and analysis of the business condition of your Co-operative, in all its phases at almost a moment's notice, is more advantageous than getting such information at the end of a period. With the employment of the system hereinafter described, it is possible for the manager of the store and the Control Committee to keep their fingers on the business pulse of their society at all times. It is worthy of note that by this system an efficient Control Committee can know as much or more about the business than the manager. By checking the records, certifying to the invoices, recording changes in prices, making up the Weekly Statement for the Board of Directors, taking stock, etc., they become thoroughly acquainted with the business procedure of the Co-operative. As the personnel of the committee changes from time to time, it happens that many members of the society develop this very valuable experience. A society with such a Control Committee is never at a loss when a change of manager occurs. While the explanation of this system is given at length, the actual operation of keeping the records is simple, involving on the average about thirty minutes daily of the manager's time, and about two hours weekly by the Control Committee in checking the records once or twice a week.
Relational Format
article
Recommended Citation
Cheel, Ernest C. and Christensen, Henry F., "Co-operative accounting; Part I. Store records and accounts; Part II. Co-operative book keeping" (1920). Individual and Corporate Publications. 56.
https://egrove.olemiss.edu/acct_corp/56