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close this book Catalogue of training and information tools on community participation in human settlements
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View the document Managing housing co-ops' money
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Managing housing co-ops' money

WRITTEN BY: STEVE ROSS

PRODUCED BY: NATIONAL FEDERATION OF HOUSING ASSOCIATIONS, LONDON, 1984

AVAILABLE FROM: NATIONAL FEDERATION OF HOUSING ASSOCIATIONS, 175 GRAY'S INN ROAD, LONDON WC1X 8UP, U.K.

LANGUAGE: ENGLISH

COST: £3.75

NUMBER OF PAGES: 91

This manual is about looking after money in a housing cooperative, the rules that should be followed and the kind of records that should be kept to look after the co-operative's money properly. The manual is designed for members of housing co-operatives who have no previous experience in looking after money or members who have got some experience but need to brush up on their knowledge of basic bookkeeping. The manual is a teach-yourself guidebook which will provide the reader with a series of exercises to work through, after which he/she should have grasped the essentials of basic book-keeping. Equally, it could be used as a resource tool by a trainer for group work in a co-operative finance workshop.

An introduction on how to use the manual is followed by two sections. Section one - THE BASICS - provides an introduction to handling money for those who have no experience. Section two - MORE ADVANCED - deals with cash book, petty cash, bank statements, bank reconciliations and general advice on how to manage money.

The manual is clearly written and well illustrated with large instructive drawings, for example, how to write a cheque, and with some light-hearted cartoons. This manual very skilfully makes what is normally a rather heavy topic - keeping the books and co-operative finances - approachable for co-operative members. Moreover, the format of the manual makes it a very accessible reference document, since the key points are summarized in boxes; thus, the reader can quickly consult and locate the answers to specific enquiries without having to read through the whole manual.

Developed for use in the United Kingdom co-operative context, this manual, with minimal adaptation, could be a valuable model to other trainers preparing didactic material on managing money in co-operatives or community groups.


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