Filtered by: Record Keeping <Back to previous page Basic bookkeeping a practical exampleby Alan Knott. In simple terms the main reasons for book-keeping are: to keep records of income (money coming in) and expenditure (money spent) so that the profit or loss during a period of time can be easily worked out Financial accountabilityWhen dealing with money on behalf of others, accountability is crucial. The people given responsibility to manage the money need to be able to show that they are being good stewards of what is entrusted to them. It is important that they are protected from being tempted to use the money for their own purposes. Project Monitoringby Jerry Adams. What do we mean by project monitoring? It means to keep a careful check of project activities over a period of time. Record keepingby Sandra Michie. Does record keeping seem one of the most un-interesting and perhaps difficult parts of running a small health centre or even a business? Yet it can be fun… Simple and effective Accountsby Andrew Maclay. I have worked as an accountant and auditor in many commercial and charitable organisations, ranging from multinational companies in London to tiny churches in Africa. I have seen many different systems for keeping accounts, both in the English-speaking and the French-speaking worlds. One thing I have noticed is that the accounting systems used are often more complicated than necessary. Simple Record Keepingby Alan Knott. Book-keeping is a tool that helps you to carry out other tasks to the best of your ability. It is an information system that can not only tell you what is going on with a particular project, but can also let others know what is happening.