Document Type

Article

Publication Date

1926

Abstract

For some time we have been keenly aware that accounting, record keeping, and methods of financial administration of a considerable number of chambers of commerce could be improved. This pamphlet is designed for this purpose. Part I presents the steps to be taken, the forms to be used, and the methods to be employed in handling the financial matters of a chamber of commerce in a business-like and orderly way. Particularly do we want to stress in this connection the importance of a carefully devised budget practice, which is fully discussed in this section of the pamphlet. Part II describes a much needed addition to the records of chambers of commerce, namely, membership statistics and costs. It is highly desirable that a chamber of commerce should know exactly its membership turnover in order that it may be able to make the necessary allowance for membership loss in computing its budget and also be in a position to determine from its knowledge of the average life of a membership what expense it can afford to incur in obtaining new members.

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