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Finance Report Checklist
Use this checklist at the end of the financial year prior to audit or more regularly to keep on top of any potential issues.
Setting a period lock
Lock dates prevent users from altering transactions for a selected period, eg year end account finalised. Xero advisors can set and change lock dates as required, refer the link Set up or remove lock dates – Xero Central If you have queries, please ...
GST Guidelines for Formations
1. A Formation is not required to claim GST. If they chose not to, they can set up Xero to remove the accounting for GST. 2. If a formation has not claimed GST before, the maximum they can claim back to is the beginning of the previous financial ...
Group Fees
Each year Scout Groups should prepare an annual budget to determine the fees to be charged to members to cover operational costs. The fees charged to members should cover all known and planned operational costs for the year. Fundraising should not be ...
Supporting the Group Treasurer
General guide to provide information to Group Treasurers, refer the attachment. If you have any queries please contact financehelpdesk@scoutsqld.com.au