The simplest and most transparent accounting mechanism is proposed so that it does not require more than 1/2 hour of work per month:

All money raised is categorized
All purchases are made via credit card or check and are annotated on an online account on an ongoing basis.
All receipts are saved.
The accounting is a monthly statement printout, which is also published on the wiki on a protected page for transparency.
Quarterly totals for money raised and money spent is tallied from 3 monthly statements in a straightforward manner.
Money in = money out.
All this is handed over to an accountant to fill out form 990.
- What is the expected time commitment to file form 990, April 990

Question

How do we handle True Fans donations with respect to the Fiscally-Sponsored OSE Project? What are the requirements for accounting.

Is this a workable plan?

Accounting Problem Statement