Booster Summit - ohsaa
Accounting Best Practices
Session 7
Copyright (c) National Booster Club Training Council All Rights Reserved
Accounting Practices!
Basic Training
Basic Practices
• Save your records for 3 years • Always pay with a check • Always have a receipt and a check request form to reimburse. • Have the bank statement addressed to the president and mailed to the school. The president should look over the statement, initial it and give it to the treasurer. Copyright (c) National Booster Club Training Council All Rights Reserved
Accounting Practices!
Basic Training
Basic Practices • Meet with the outgoing treasurer to go over the books. • Raise money for a purpose and spend it for that purpose. • Prepare a financial statement for each executive, board and general meeting.
Copyright (c) National Booster Club Training Council All Rights Reserved
Accounting Practices!
Basic Training
Basic Practices • Have book audited at close of fiscal year by an auditor or an audit committee. • Use funds wisely. Remember that all persons signing on a booster club bank account are liable for the use or misuse of those funds.
Copyright (c) National Booster Club Training Council All Rights Reserved
Accounting Practices!
Basic Training
Play it Safe! • Never give a blank check with signatures. • Don’t deposit Club funds in a personal account. • Don’t take Booster Club funds home overnight.
Copyright (c) National Booster Club Training Council All Rights Reserved
Accounting Practices!
Basic Training
Questions & Answers Copyright (c) National Booster Club Training Council All Rights Reserved
Session 7
Copyright (c) National Booster Club Training Council All Rights Reserved
Accounting Practices!
Basic Training
Basic Practices
• Save your records for 3 years • Always pay with a check • Always have a receipt and a check request form to reimburse. • Have the bank statement addressed to the president and mailed to the school. The president should look over the statement, initial it and give it to the treasurer. Copyright (c) National Booster Club Training Council All Rights Reserved
Accounting Practices!
Basic Training
Basic Practices • Meet with the outgoing treasurer to go over the books. • Raise money for a purpose and spend it for that purpose. • Prepare a financial statement for each executive, board and general meeting.
Copyright (c) National Booster Club Training Council All Rights Reserved
Accounting Practices!
Basic Training
Basic Practices • Have book audited at close of fiscal year by an auditor or an audit committee. • Use funds wisely. Remember that all persons signing on a booster club bank account are liable for the use or misuse of those funds.
Copyright (c) National Booster Club Training Council All Rights Reserved
Accounting Practices!
Basic Training
Play it Safe! • Never give a blank check with signatures. • Don’t deposit Club funds in a personal account. • Don’t take Booster Club funds home overnight.
Copyright (c) National Booster Club Training Council All Rights Reserved
Accounting Practices!
Basic Training
Questions & Answers Copyright (c) National Booster Club Training Council All Rights Reserved
