At GWOB, we believe in transparent accounting. We don’t mean handing out bank account numbers or the W9s of people who work with us, but the ability of anyone to see what sort of money we spend on what kinds of projects. It keeps us honest. And it lets you (the volunteer, employee, investor) see what we’re up to.
How it works:
The total spent in each category in each month is totaled. Those totals are added together for the total outgoing in that month.
The balance of the previous month is brought forward and added to any income brought in that month. The total spent that month is deducted, leaving a new balance.