The Sigma Phi Epsilon Journal, Vol. 8: October, 1910 (Classic Reprint) - Hardcover

Inhaltsangabe

Excerpt from The Sigma Phi Epsilon Journal, Vol. 8: October, 1910

It seemed that a chapter house ought to be conducted at a profit and that with our facilities we ought to be able to do it. The meces sary books were obtained, the preliminary steps taken and a new system of double-entry bookkeeping instituted with a good chance of success. Now, for over a year and a half we have had as much success as we could possibly hope for and have made it vastly easier for those brothers who will take up the duties of Manager in the future to conduct the business at a profit or at less expense to the members. I know that a system of this kind is not only successful but profitable and I want to commend it to other chapters in the hope that they too will attempt a more business - like method of con ducting a chapter house than the heterogeneous system usually em ployed.

Here, I might give a general idea of the steps necessary to begin this method of accounting. If possible, someone familiar with double-entry bookkeeping should open the books but for the benefit of those not familiar with double-entry, I will give a short outline of what should be done.

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