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Mukilteo, WA 98275-4883
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Any small (5<) members using accounting software for non-profit entities to track expenses and save money from dues and hourly flight charges for Annual inspections, insurance, hangar rent, engine/prop overhauls, upgrades, contingencies?
Bruce Mamont
Aug '20
Ultimately I learned enough about "double entry" bookkeeping to use Excel for our aerobatic airplane LLC, which has a small membership and a limited number of transactions. The Chart of Accounts helps me keep straight on how transactions are entered as credits and debits into accounts/funds . Pivot Tables enable me to catch mistakes and run analyses, know how much we spend and how much we're saving in funds for future expenses like the next Annual, next year's insurance, overhauls of the engine and prop. I tried using accounting software for "non-profits", but decided our small group didn't need that much capability (and we didn't want to spend the money on a subscription).
Any small (5<) members using accounting software for non-profit entities to track expenses and save money from dues and hourly flight charges for Annual inspections, insurance, hangar rent, engine/prop overhauls, upgrades, contingencies?
Any intel on whether (and if so: when?) the FAA will correct the "required crewmember" regulation that mandates a medical certificate to act as a safety pilot? It seems reasonable to me and consistent with the intent of Basic Med to authorize Basic Med to be used to act as a safety pilot in the airplanes that Basic Med authorizes a pilot to fly as PIC.