Executive
- President |
- VP |
- Treasurer |
- Recording |
- Corresponding |
- Recruitment
Treasurer Guide
As you may already know, you have been elected the most significant office in the chapter. You may have assumed that the president's office was most important, but how wrong you are. Although the president is responsible for maintaining control and organization, the treasurer must manage the financial affairs of the chapter. The success of the chapter depends on your ability to manage its funds. Intimidating, isn't it? If you have had the chance to be an assistant treasurer, you have gained some experience in handling budgets and accounts receivable, and in writing reports. If not, you should seek advice from your advisor or house corporation.
First and foremost, you must realize the importance of always reviewing the current financial condition of the chapter. If your chapter is in the red zone, then you need to determine why. Many times a deficiency of funds may be due to several different problems: perhaps unpaid balances, overspending of committee funds, or a decrease in membership all had something to do with the deficiency. Once you've determined the nature of the problem, you and your assistants will be able to revise the budget to bring your accounts back into balance.
For more information on the position of treasurer, please review the resources and links on this page.
Resources
Financial Documents: Everything you wanted to know about Fraternity Finances and more…
- Report of New Member Form
- Report of Initiation Form
- Check Request Template
- Check Request Example
- Parson Bishop Intro Letter
- 10-11 Undergrad Dues
- Quickbooks Confidentiality
- Committe Exp. Schedule
- Monthly Financial Reporting
- Company Setup
- Starting Quickbooks
- Budget Revenue Template
- Liability Insurance Billing Dates & Financing Terms
- Property Insurance Billing Dates & Financing Terms
- Promissory Note
- IMPORTANT-Form 990 Requirements