have an accountant help us set up our books

[chadwhitacre]

Reticketed from #308.

Questions:

• Where does the processing fee buffer show up on the balance sheet? Escrow:Fee Buffer
• At what point should we stop making changes to parts of our books?
• How'd we do with the $1.50 first payout?
• How do we account for escrow changes over time? Income statement? Cashflow? A dedicated report? Income statement.
• Opening balance, or owner's equity?

[chadwhitacre]

We'll need to come up with some policies, published on Inside Gratipay, for recording financial transactions and reconciling with our bank accounts. I'm not going to worry about that for this ticket. I've reticketed having an account review our books as #350, let's pick up with that there.

#308 (comment)

[chadwhitacre]

Perhaps Jim Johnson from KDC would be good for a first pass (#72 (comment)).

[chadwhitacre]

Bringing over from #390 (comment):

To: CPA
Subject: meeting to review Gratipay's books

Greetings and Happy New Year!

We've done a lot of work on Gratipay's books since the last time you and I talked, back in September. I think we've now got a pretty good system in place, and we're close to reconciling our first month—June, 2012. We're aiming to be fully caught up in Q3, after which I'd like to talk about our first audit.

Before then, though, I'd appreciate a meeting to make sure we're on the right track with how we've got the books set up. Wednesdays and Thursdays are best for me, but I can make most days work. Can you fit us in anytime soon?

[chadwhitacre]

We're looking at Thursday morning, January 28.

[chadwhitacre]

@kaguillera and I are planning to meet with the CPA at 8am on the 28th. Yesssssssss.

[chadwhitacre]

Pinged Peter to make sure we're still on for tomorrow. @kaguillera and I are figuring out bus schedules ...

[chadwhitacre]

Meeting is confirmed.

[chadwhitacre]

Okay! Good meeting. Let's summarize ...