How to be a smart and efficient club Treasurer.

Related topics: club,committee,volunteers

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Download A guide for the club Treasurer Booklet no.5

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Small club or group accounts are not complicated so you don’t have to be an accountant to be a Treasurer.

Duties of the Treasurer

The Treasurer is required to:

• ensure that adequate accounts and records exist regarding the organisation’s financial transactions including accurate and up-to-date records of all income and expenditure
• coordinate the preparation of a budget and monitor it carefully
• issue receipts and promptly deposit all monies received in the organisation’s bank account
• make all approved payments and invoice groups/members promptly
• act as the signatory to the organisation’s bank accounts, cheque accounts, investments and
  loan facilities (with at least one other management committee member)
• manage the organisation’s cash flow and be accountable for the organisation’s petty cash
• prepare and present regular financial statements to the committee at meetings
• negotiate with banks for overdraft facilities, mortgages and other loan facilities where required by the committee
• regularly file business activity statements (including GST) with the relevant authorities, where applicable
• prepare financial accounts for an annual audit, and provide the auditor with information as required
• prepare an annual financial report

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