Finance
Finance
To ensure your Affiliate’s finances are in order you will more than likely have an affiliate Treasurer (also known as finance director or financial officer). It is important to remember your Affiliate Treasurer does not need to have formal training in finance or accountancy, or work experience in a financial role (though it is preferable).
The position of Financial Officer is the key to keeping the organisation’s finances in order. It requires time, dedication and financial expertise. Your Treasurer is usually the person who does many of the following activities – organising bank accounts, depositing cash and cheques, paying the bills, keeping the books, drawing up the budgets, and keeping track of the outgoings and incomings so that the organisation knows how they are tracking in relation to the budget.
