Accounting Records

Accounting records is a broad category which includes details on individual financial transactions such as the date and amount of deposits or withdrawals, cheque numbers, bank account numbers, daily balances, etc. Normally it is called the general ledger.

Accounting records and financial statements are not the same thing.

Since there is much more detailed and sensitive information in accounting records, it may be in the non-profit’s best interest to restrict access to such records.

Non-profits may restrict access to records listed under s. 20(2) of the Societies Act, which includes accounting records.