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John Foote is a Cornell alumnus and professor at the School of Human Ecology. As a civil engineer by training, he has had extensive experience with infrastructure financing with a focus municipal projects. John gave our team advice about how to approach the accounting tool and gave us feedback on our investor database. His general feedback was that our database was detailed and comprehensive through we should work on developing a more stringent set of criteria to evaluate the likelihood of cooperation among the different organizations. He also said to find an easy to use accounting tool that has Spanish support and a robust billing feature, as the tool will primarily be used to create invoices.
Investor Database
This semester, we created a list of potential organizations that might be interested in working with AguaClara. We investigated each organization through looking up the type of financing offered by each organization, the amount usually awarded for each project, the application process to apply for funding, and the likelihood that each organization will be willing to work with AguaClara.
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- QuickBooks features to be used in AguaClara's accounting tool:
- Inventory
- Payments
- Reporting
- Will be used to manage:
- Invoices and billing records
- Accounts receivable
- Fund balances
- Construction fund
- Revenue fund
- Debt service fund
- Maintenance reserve fund
- Income statement
Accounting Tool Preliminary Research:
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