Research|Action was proud to join the U.S. Federation of Worker Cooperatives and the NYC Network of Worker Cooperatives (NYCNOWC) last year.
Even though we are two years old, one of the things we are still working on is our accounting system, which we have been improving over time. We decided to tap into the knowledge of the local coop network and applied for the NYCNOWC “Principle 6 Direct Services Program,” which arranges for cooperatives to provide technical assistance to eachother, free of charge.
Principle 6 is one of the seven principles of the international cooperative movement which calls for coops to work together.
We were quickly connected to A Bookkeeping Cooperative, which suggested a number of helpful ideas for making our accounting system better and also suggested some improvements for our Operating Agreement. At a recent Research|Action meeting we adopted these changes.
Principle 6 is a great example of the solidarity economy at work!