Editing Finance
From Ni Wiki
Warning: You are not logged in.
Your IP address will be recorded in this page's edit history.
The edit can be undone.
Please check the comparison below to verify that this is what you want to do, and then save the changes below to finish undoing the edit.
Current revision | Your text | ||
Line 38: | Line 38: | ||
While the treasurer & financial officers are the primary managers of financial matters, it is important that more than one person understands the financial operations of the chapter. A lack of understanding could lead to disregard for paying bills and controlling expenditures. If more members understand revenue potential and expenditure constraints, they will be more willing to work within them. | While the treasurer & financial officers are the primary managers of financial matters, it is important that more than one person understands the financial operations of the chapter. A lack of understanding could lead to disregard for paying bills and controlling expenditures. If more members understand revenue potential and expenditure constraints, they will be more willing to work within them. | ||
- | While every member should understand the budget, only a few people in your chapter should be authorized to handle financial transactions or access your account. Maintaining monthly financial reports and documentation could help divert a financial disaster, so your treasurer should keep a record of all deposits and expenses for comparison to your bank | + | While every member should understand the budget, only a few people in your chapter should be authorized to handle financial transactions or access your account. Maintaining monthly financial reports and documentation could help divert a financial disaster, so your treasurer should keep a record of all deposits and expenses for comparison to your bank statments. At the chapter level the treasurer is responsible for tracking the chapter budget dispersing funds for venture expenses. At the venture level the finance committee crafts the venture budget and handles all of the finacial transactions. |
==Cash Handling Procedures== | ==Cash Handling Procedures== |