Here in Saint Paul the
Sibley Bike Depot uses QuickBooks for managing our finances. We have
used this program for 7 years now, and it's a great tool. We use it as
a register, and run all sales through the it to collect and report
sales taxes. We keep our checking account balance there, and can
generate spending reports.
For cash control, we do a nightly deposit and send a small till home
with the volunteers for the next day business. We keep NO money in the
shop after hours, it only took a few break ins to realize that. Once
thieves realize that you keep money in the till, you will get
visitors! We have just a few designated cash handlers that take care
of cash and recording sales.
We have more than one person reviewing our finances, and rotate our
treasurer position every few years. No sense tempting anyone with
embezzlement.
We have a checking account, and a credit card account, and a card
machine. We are now investing in a cell-phone card machine for our
sales at remote locations - mostly student sales at colleges. This has
been a great market for us. We partner with the campus organizations,
and create a bike club. We work with the college to collect abandoned
bikes, and we have sales to incoming students. It's a true reuse and
recycling project!
Our shop has grown dramatically over the last few years, and the
financial controls we put in place have been a life-saver for us!
Wilbur Ince
Sibley Bike Depot