NESFA Treasury Procedures: Cross-Charge Accounts

For its convenience, NESFA maintains cross-charge accounts with a number of other non-profit organizations. The only one of any significant is with MCFI.

The purpose of the cross-charge account is to avoid having to do a lot of check-writing between NESFA and MCFI and between NESFA and any of the Boskone checking accounts. The NESFA Treasurer should provide up-to-date copies of the cross-charge ledge to each organization monthly. It is essential that the MCFI and open Boskone treasurers frequently reconcile their accounts with the NESFA books.

Take care that the description of each item entered is clear enough that the other treasurer can understand it!