Event accounting / bookkeeping needs
I'm interested in finding out how the accounting work is typically handled for events. Is each event treated as a stand alone "set of books" with its own bank account? Is the accounting work being outsourced to an outside provider? How much is typically spent on the services?
I do program accounting - there is one set of books for my business, and I track expenses for each individual event using the "class" feature in Quickbooks, with a separate class for G&A which I effectively bill back to each event on a pro-rata basis. If I had single events with enough critical mass, I'd consider creating a unique business entity for each, mostly for liability protection, but my understanding is that is nowhe near the imperiable barrier it used to be.