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Accounting Techniques for Acquisition Librarians
Abstract:This preconference was led by Rachel Kirk, who presented on accounting topics such as reconciliation and cost–benefit analysis. Attendees had the opportunity to work with library data and spreadsheets provided by Kirk to practice reconciling accounts and analyzing the costs and benefits of particular resources. Additionally, Kirk discussed some common problems that acquisition librarians face, such as managing multiple accounting systems and working with the university's accounts payable office. The session ended with Kirk going over the impact that inflation plays upon a collections budget and strategies to better match the library's resources to researchers' needs, including leaving “Big Deals.”
Keywords:accounting in libraries  cost–benefit analysis  reconciliation  “Big Deals”  library finance
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