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Balance Report Reporting is simple and to the point in some corporations: Some treasurer’s reports are merely a simple recitation of the corporation’s bank balance at the time of the previous board meeting, the current balance and the difference. This occurs at very small corporations, such as nonprofits with little financial activity. The treasurer might include a comment as to why the balance is larger or smaller, such as, “We made a profit of $3,000 with our fundraiser,” or, “We paid the expenses of our annual meeting last month.” This type of report keeps your board informed, but doesn’t help educate and make board members more valuable partners, points out Rob Batarla, Chief Financial Officer for the American Physical Therapy Association, writing for the website of the American Society of Association Executives.

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