General
Opening a Formation Bank Account
Please refer to QBSI 6.3 for the requirements regarding bank accounts. Scouts Queensland currently have their operating bank account with Westpac Banking Corporation. There are advantages for Formations holding bank accounts with Westpac, as this ...
Accounting Procedures
General guide to Executive Committee Members on Accounting Procedures, refer the attachment. If yo have any queries, please contact financehelpdesk@scoutsqld.com.au
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
Year end checklist
The checklist below is a useful prompt of what items you should be reviewing prior to submitting your accounts to audit each 31 March year end. If you require assistance please contact financehelpdesk@scoutsqld.com.au ...
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 ...
Capital Expenditure versus Repairs and Maintenance
Why is this distinction important? Capital expenditure is recorded on the balance sheet and whereas repairs and maintenance are expensed to the profit and loss statement. What is capital expenditure? Capital expenditure is substantial ...
How to account for expense claims
Xero Expense Module There is an expense claim add on available in Xero but it has an additional cost per user. This article provides details of an alternative option to avoid that cost. Xero option Formations have an option to provide Leaders and/or ...
How to account for Formation Grants
Formations are encouraged to apply for Grants The requirements and process to apply for grants is explained at QBSI 6.5. The Branch Support Office manages the Grant Process as we operate under the one Australian Business Number (ABN). ...
Square - Point of Sale (POS)
What is Square? Square is a mobile point of sale device, which allows a Formation to accept card payments anywhere. It is only recently that Square has supported Associations such as Scouts Qld. Why would I want to use Square? Square allows you to ...