USAID, through its Protect Wildlife project, and the Women’s Global Development and Prosperity (W-GDP) Initiative trained six people’s organizations in South Cotabato in basic bookkeeping to improve financial management of their respective enterprises. The activity—in partnership with the Foundation for a Sustainable Society, Inc. (FSSI) and the Philippine Institute of Certified Public Accountants (PICPA)—comes in handy especially for women members with crucial roles as treasurers and auditors in their respective organizations.
Based on an assessment conducted by the project, a bookkeeping training is one of appropriate interventions to support promising local enterprises in South Cotabato. Using the modules developed by FSSI and PICPA, the participants learned basic bookkeeping operations such as recordkeeping and using symbols to record cash flow, input transactions, and maintain a cash book entry. In addition, they polished their skills in calculating income and expenses and profit and loss.
With support from USAID, FSSI and PICPA will continue to assist people’s organizations on proper recordkeeping of various accounting records, financial controls, and system and managing accounts; and to monitor the groups’ progress to ensure that their accounting systems are in place and that the financial standing of their enterprises is improved. Developing entrepreneurial ideas will be the next phase of this mentorship. (PWP/ May Anne Ramos)