GAAP is required for a fair number of financial dealings, and virtually all organizations of any size adhere to it. Apropriate financial practices extend farther than just bookkeeping however - they also involve the application of appropriate business processes, along with rules and policies to ensure the books can be kept, as well as preventing fraud and theft, embezzlement, etc. None of these things are really optional - its how managers and bookkeepers stay out of prison.
I do not envy the Board and the Finance committeeās work to move DMS towards fiscal sanity and legality. Itās hard and sometimes complicated work, and few people will understand the whyās of it, but lots will bitch every time a new rule has to be applied, largely as a result of their own ignorance. Yours is thankless work, and converting a system designed by the Little Rascals Boys Club, and moving it towards a grown up accounting system is just confusing and hard. But what yāall are doing is the single most important thing needed in keeping our doors open long term. I for one deeply appreciate it.