Best Practice for bookkeeping of your Italian Association

Each Association is obliged to draw up and approve the economic-financial report every year, in which to represent and describe the results of the economic management of the Association.
This guide is intended to give an overview and to differentiate the discussion, depending on whether the Association carries out only an institutional activity or even a commercial activity. Finally, the concrete methods of drafting and approving the report are reviewed, in order to help the members of the Association’s Board of Directors to extricate themselves from this requirement if they do not have their own trusted accountant.