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Finance Basics for Scout Units: Difference between revisions
From ScoutWiki, For Everyone, Everywhere involved with Scouting and Guiding...
→Bank Accounts
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== Bank Accounts == | == Bank Accounts == | ||
Each scout unit should have it's own bank/checking account. It will probably need to be registered under the name and Tax ID# of your charter organization. If your charter org is a business, they may want to organize a charitable foundation to oversee their investments in scout units and other philanthropy projects. | |||
=== Bank | We strongly discourage all scout units from operating on a cash only basis. | ||
=== Cash Ledgers === | |||
* '''[https://docs.google.com/spreadsheets/d/1UvbEZiWp6oinjOKGNjaC4n-MIp7RIuB7EPZFJCRFhyw/edit#gid=0 Scout Unit Monthly Cash Book Template] - Primary cash tracking sheet for the scout unit. Update monthly and use the bank reconciliation template below to audit. | |||
=== Program Cash Subledgers === | |||
The totals on Each subledger should be able to match the master cash sheet. | |||
Add additional subledgers as needed. | |||
=== Bank Reconciliation === | |||
Use this worksheet each month to proof the ("ending") bank balance to your cash book. Post first any bank entries such as bank fees or returned check fees onto your books. | Use this worksheet each month to proof the ("ending") bank balance to your cash book. Post first any bank entries such as bank fees or returned check fees onto your books. | ||
* '''[https://docs.google.com/spreadsheets/d/1OMtvQYe2igQkzR0J30b2B0ShduZQFTlRu3IRFZc7Uu8/edit#gid=0 MonthEnd Bank Reconciliation for Scout Units]''' - | * '''[https://docs.google.com/spreadsheets/d/1OMtvQYe2igQkzR0J30b2B0ShduZQFTlRu3IRFZc7Uu8/edit#gid=0 MonthEnd Bank Reconciliation for Scout Units]''' - A copy of the completed bank rec, monthly cash sheet and bank statement should be sent to the Unit Vice chairman assigned to audit the treasurer! | ||
== Disbursements == | == Disbursements == | ||
