Dear Robert,

If your bivio balances do not agree with your bank statement balance, you should use a reconciliation process to find out what caused the problem. Once you find it, you will be able to determine the best way to fix it.

Reconciliation is an important part of a treasurers job. If you do it monthly, it goes very quickly and and problems are easy to find and fix. If your accounts are off for years or off by significant amounts, you may have big tax issues you are going to have to face. It's not just something a treasurer should be concerned about. All club members should make sure they are comfortable that what is being reported to them agrees with club brokerage and bank statements.

We outline the steps you should go through in more detail in a presentation we did about reconciliation: You can find it here:

http://www.bivio.com/club_cafe/files/Presentations/reconcile-investment-club-records.pdf

We'll also be discussing it during our Treasurer Training webinar this Sunday. Everyone is invited. You can register to join us at www.bivio.com/club_cafe

--
Laurie Frederiksen
Invest with your friends!
www.bivio.com

Become our Facebook friend! www.facebook.com/bivio
Follow us on twitter! www.twitter.com/bivio