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How Do I Produce Management Accounts?


How do I? Index Main Contents:

Welcome
Introducing hontreasurer.com
Online Manual
How Do I?
HELP! I'm Stuck!
TUTORIAL
The Forum
TO DO List

How Do I? Contents:

  • Choose Activity Names
  • Print Labels or Form Letters
  • I can't edit a Transaction Field
  • Import existing records
  • Does the order of letters in Label Fields matter?
  • Print Labels or email People who have paid for an Activity?
  • Produce Management Accounts on a Spreadsheet with numbers from hontreasurer.com?
  • Post Contra Entries?
  • Set up and email only user?

  • Submit Your Comments/Ideas




    You may be lucky and the standard reports on the Accounting Reports menu may do exactly what you want. But more likely, as I have found, there are budgets, last year, etc to be taken into accounts and the presentation is important in terms of colour, boxes, subtotals etc.

    This note explains how to make a spreadsheet which is like a template which you can paste the numbers into. This article does assume familiarity with two advanced features of spreadsheets: VLOOKUP and Defined Areas. If you are an advanced spreadsheet user, it might be worth reading all of this note before starting.

    It may seem a but complicated to set up, but I assure you that it will save you hours of time before every meeting.

    First
    Make sure you invent Accounting Categories which produce the numbers you want.  Give the Accounting Categories sensible names; special characters like ' (apostrophe) can cause troubles so it may be better to skimp on the punctuation a bit! Make sure all Activities are in the Accounting Categories you want.
    Second
    Call up OpenOffice or Excel. Lay the spreadsheet out how you would like it on Sheet1. (I always say that Management Accounts should fit onto one page.) Make each detail line correspond to an Accounting Category. If the Categories are wrong, change them because this is easy to do. Put in any totals, percentages, graphs etc you want referring to these cells.

    On Sheet2 (or after the last printed sheet) define an area (in OpenOffice this is Insert/Name/Define) called "ThisYear" which is a large number of rows and the first two columns, A & B. This is where you are going to paste the numbers copied out of hontreasurer.com. You need as many rows as there are Accounting Categories in hontreasurer.com. Optionally, if you want to have last year's figures on the accounts, make a similar area on Sheet 3 called "LastYear".
    Third
    Now this is the clever bit. Let's say you want to put this year's event income into cell C8. and that you have an Accounting Category called "Event Income". Put the following formula into C8:

    =IF(ISNA(VLOOKUP("Event Income:";ThisYear;2;0));0;VLOOKUP("Event Income:";ThisYear;2;0))

    This formula first tests to see if there is a line called Event Income: in column A of the imported items. If there isn't, the formula returns 0. If there is, it returns the corresponding number in column B.

    If you want last year's income next door, paste the following into D8:

    =IF(ISNA(VLOOKUP("Event Income:";LastYear;2;0));0;VLOOKUP("Event Income:";LastYear;2;0))

    Don't forget the colon (:).

    Expenditure items are imported as negative numbers so you may have to add * -1 on the end to get them to show as positive, e.g.:

    =IF(ISNA(VLOOKUP("Event Expenses:";LastYear;2;0));0;VLOOKUP("Event Expenses:";LastYear;2;0) * -1 )

    Save your spreadsheet.

    Fourth
    Now all is ready. At any time, call up the Movements tab on hontreasurer.com and select Accouting Categories and the current year. Right click and choose Select All (or press Ctrl+A). Hold the control key down and press the first line on the display (this is to get rid of an annoying superfluous null which would otherwise appear). Now right click and select Copy (or press Ctrl+C). Now go to Sheet 2 of your spreadsheet, select cell A1 and choose Paste Special (either from a right click menu or from the Edit menu). There is another tricky bit here. Your spreadsheet will ask you how to format the clipboard. Tell it to use tab as a separator (this is normally the default) and/or use Unicode. This will cause the Accounting Category name and its value to be put into separate cells. Now press OK. The Accounting Category data will be pasted right into Sheet2. Repeat for last year if the numbers have changed and paste into Sheet3. Now look at Sheet1 - all your numbers are in place and you are ready to print the accounts.
    Finally
    You can repeat this process without changing your spreadsheet at all - just make sure that the new paste covers all of the old paste (i.e. doesn't leave any lines from the old paste) otherwise silly results may occur. The only time you need to change it is when you have new lines in the accounts and require new Accounting Categories or vice-versa.
    Further
    You can improve this further by naming the Sheet2 Import2007 and naming the area ThisYear. Then, next year, you can create a new sheet for the new year (Import2008) and change the area called LastYear to point to Import2007 and change the ThisYear area to point to the new sheet (Import2008). That way there is no need to change the front sheet(s) at all.
    One more thing
    You don't have to use Accounting Categories. The procedure works just as well with Activities and Activity Groups. Using Activity Groups, you can produce sliced analyses of type of expenditure across headings, for example. Remember that there is no limit to the combinations of Activity Groups, and that you can include Activities in as many groups as you want (but be careful about the interpretation of the numbers!). In OpenOffice, * works as a wild card which should ignore any text you have after name in the Activity Group Name. So, for example, I use "Event Income*" for an Activity Group called "Event Income - 2007" so it will all work next year.And you can use the presentation power of the spreadsheet to show colours, tables, charts etc.
    Updated 28/6/07