I hate being a Treasurer. I find it one of the most difficult things because my programme and project logic is at odds with financial logic. Whilst I grasp the concepts of a balance sheet it doesn't come naturally to me so things like in arrears and in advance payments and accruals somehow hit an invisible mental roadblock in me.
A task that an Accountant could take a few minutes doing takes me hours as I have to work out how I treat any entry that is out of the ordinary. If it was straight income and expenses it would be easy of course because that is how most of us run our home accounts but because if the precise nature of the balance sheet and not always understanding whether an entry should or shouldn't be there is another thing.
An advance payment made in the previous year for example was shown in the bank last year but needs to be accounted for in this year when that payment should rightly have been made.
Anyway, sat here for a few hours and all the figures are merging into one now so time for a rest and I will have to renew the efforts again tomorrow or maybe this afternoon if I feel up to it! Such an annoying thing because really I shouldn't have problems grasping this at all but somehow my mind doesn't work the way it does on other problems that are not financial in nature albeit project accounting is no problem at all!!!
The harder I look at the figures the worse it gets and it is easier to just stop for a while and come back than making a rushed decision and then having to un-knit the work I've done.
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