Financial Reporting for Self-Help Groups

Income, expenses, cash flow, profit and loss and the balance sheet are drawn from the savings and loan entries made at meetings. No second book needs to be reconciled.

Share your requirements

Statements from meeting entries

One set of entries feeds every statement.

Income and expenses

Interest earned, fees collected and group expenses come from what was recorded at meetings, and not from a separate ledger.

Money in and money out

Money in from savings and repayments and money out as loans are shown for the month and for the year.

Profit and loss, balance sheet

Both come from the same entries, with one period placed beside another.

What the group reads together

A statement is useful only if the members can follow it.

Savings against last year

Period comparison shows whether the group saves more than it did. Groups often check this before raising the contribution.

Loans outstanding

The report shows what is still out with members and how much of it is overdue.

Printed for the file

Reports come out as PDF or Excel for the folder the group keeps.

Three audiences, one treasurer

The treasurer answers to members, the coordinator and the bank.

Members, at the meeting

At the meeting she can show the group total and each member’s share in it.

The NGO coordinator

A coordinator supporting several groups reads the same statements for each group.

What the bank asks for

Cash flow, profit and loss and the balance sheet are available when a manager asks for them, without being rebuilt from a notebook.

FAQ

Frequently asked questions

Does financial reporting replace our accountant?

It depends on the group. The statements come from entries the treasurer already makes. Whether outside help is needed for anything beyond internal savings and lending is a matter for your advisor.

Can we compare this year with last year?

Yes. Periods sit side by side in the same report. Groups often look at this before deciding whether to raise the monthly savings amount.

In what form do the reports come out?

As PDF or Excel files. The PDF goes into the group’s file, and the Excel is what a coordinator uses when a funder wants several groups in one sheet.

Talk to us

Tell us what you need.

Share your requirements and one of our engineers will come back to you within one business day.

What happens after you share your requirements

A senior engineer reads your answers. Nobody phones first.
Within one business day you get a written note: what we understood, what we would start with, and the questions we still have.
If it fits, a proposal follows with the order of work, what we need from you and what you receive at each step.
No call is booked and nothing is paid until you have read the note. Your details stay with us.

Start with your requirements

Seven short steps that tell us what you need. A senior engineer reads them before anyone gets in touch.