Keep Organized Records

As the previous sections covered, keeping accurate records are essential. Keeping a general ledger, or log/list of everything that has been deposited or withdrawn from your club’s accounts will make it easier to sort out which items go in which account and on which line item on the budget. Be sure to keep them updated as well by reviewing the monthly bank statements for your club’s accounts to validate the balances as well as all transactions that have been processed. This will go a long way towards making your job, and your successor’s job, much easier.