Full text: Financial control and accounting for a chamber of commerce

cial control there are two that may be considered to be fundamentally 
essential. They are, first, the Membership Register, and second, the 
Members’ Ledger Card. 
MEMBERSHIP REGISTER. 
When a new member has been elected to the chamber, the name 
of the company or individual should be entered upon a permanent 
record, arranged in the order of election. A suitable form is shown 
in Figure 1. The Membership Register may well be a bound book, 
although not necessarily so, for a post binder or other form of loose- 
leaf book from which the sheets are not easily removed should prove 
suitable. The entries on the form shown in Figure 1 will indicate 
the character of the needed information. 
The purpose of the register is to record the bare essentials of 
information in regard to the member's election. Usually, it will be 
found desirable to assign a serial number to each member as elected. 
The information as to dues is simply as a record of the member’s 
original subscription and no provision is made for keeping the record 
up to date. 
After the original entries have been made the register answers 
no further purpose, except that of reference. Sometimes, for example, 
a Members’ Ledger Card is misplaced; or if a correspondence file is 
kept for him it is misfiled; or possibly the addressing machine stencil 
for him becomes lost. The Membership Register is the one record 
from which all checking of other records may be instituted. 
Some chamber executives, it is true, do not look upon the Mem- 
bership Register as an absolute necessity, but the experience of others 
is such as has conclusively proved its value. 
MEMBERS LEDGER. 
A ledger card is probably the most suitable method for recording 
the financial transactions with the individual member. A suitable 
form of card is that described in the report of The Committee on 
Standardized Forms of The National Association of Commercial 
Organization Secretaries, reproduced in practically identical form in 
Figure 2. The method of making entries on the card is shown. 
In general practice, it has been found undesirable to combine 
service or statistical records with the Members’ Ledger Card. The 
ledger card should be solely for the recording of financial transactions 
with the member. In ordinary practice it will be found desirable upon 
the election of a member to prepare an addressing machine stencil,
	        
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