Running your Club

Financial Management

Financial management is an important aspect for a club or association to run smoothly.

Good financial management is essential for a club or association’s survival and is an important part of good governance. It involves being able to review financial information, effectively manage funds, implement sound financial practices and understand a club or association’s financial position and obligations.

Clubs and associations will generally have a treasurer, with some accounting experience, on its committee to look after the financial management.

However, every committee member should have an understanding of a club or association’s accounts and financial reports. This knowledge will help with strategic planning, accountability and effective risk management.

For assistance with accounting, budgeting, balance sheets and reporting, click on the links on the side bar.