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Finish Strong - A Guide to the Year-End Closing Process

February 20, 2019

“Finish strong” is a common phrase used to encourage someone to end a task on a good note. This concept also applies when preparing your books to close out your fiscal year. The accuracy of your financial reports will depend on the strength of your financial records. Year-end processing can be overwhelming and tedious, but it is critical in fulfilling your fiduciary duty as a financial officer and provides for a smooth transition for the next fiscal year.

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Categories: NST Advisor

Performing Local Audits

February 20, 2019

When many people hear the word audit, it doesn’t bring about a good feeling. We think of some person or agency going through our lives and leaving a lot of wreckage in their wake. However, an audit can be a good thing. An audit is a very helpful and useful tool for locals and their financial officers who are entrusted with the finances. In this article, we will attempt to demystify audits while giving you the basics of the audit process.

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Categories: NST Advisor

Do You Know How To Maintain And Manage Your Retired Members?

February 20, 2019

Managing retirees via MyLocal3 is among the duties of the financial officer. While the process of managing retirees is similar to the process of managing Active members (non-retirees), there are a few significant steps that, if missed, can inadvertently lead to a member dropping from the rolls.

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Categories: NST Advisor

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