What should be in our monthly financial package?

At minimum: balance sheet, income statement with budget-to-actual variance, general ledger, accounts payable register, delinquency aging, bank statements with reconciliations, and reserve fund detail.

Two questions matter as much as the contents. What day of the month does it arrive, and does a licensed accountant review it before it goes out. A package delivered on the twenty-fifth is nearly useless for a Board meeting on the first, and an unreviewed package pushes the review burden onto volunteer treasurers.

Ask for a sample package from any company you are considering. Firms that produce good ones are happy to show them.