![]() If your club can afford it, always employ a professional bookkeeper and accountant. That is, the bookkeeper’s role is to ensure the club’s transactions are recorded, and the accountant’s role is to audit those transactions, create periodic reports, and submit tax returns (yes, clubs have to pay tax too unless they’re registered charities, and even then not everything is free of tax). ![]() Second, you need to know there is a clear distinction between what a bookkeeper is responsible for and what accountants do. Well, let’s clear it all up so you know what to expect and what you need to do.įirst off, you need to know the treasurers chief role is to keep the books up to date, and to report to the club’s committee about the club’s finances whenever required according to the club’s constitution (or articles of association if it’s been formed as a limited company and the articles include those details). So you’ve just become the treasurer (or are thinking of becoming a treasurer) for your local club, but you’re not sure what it involves, or your responsibilities for taking over this role.
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