Download or read book Basic Accounting for Credit and Savings Schemes written by Nicola Elliott and published by Oxfam. This book was released on 1996 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intended for readers without any formal accountancy training, this book explains in clear and simple language how to document the financial transactions associated with credit and savings schemes. Efficient administration and accurate accounting records are vital for any scheme to be successful. Recording and sorting the data, and preparing financial summaries, such as receipts and payments reports and balance sheets, are descried in detail, with numerous illustrations and worked examples. The administration of loans and savings, and the recording of stock transfers are also fully covered. Basic Accounting for Credit and Savings Schemes will be of use to community development workers involved in or considering setting up such schemes.