What is a good format for a treasurer's report?


Quick Answer

A treasurer's report outlines the name of the organization, the period the financial report covers, the balance at the beginning of the reporting period, and the income received during this period, according to Energize, Inc. It details the expenses incurred and the cash balance at the end of the reporting period, and closes with the signature of the treasurer.

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Full Answer

When preparing the report, the treasurer takes the cash balance at the beginning of the reporting period, adds the total income received, and subtracts the expenses incurred, notes Energize, Inc. The balance obtained must equal the balance on the bank reconciliation statement. The report only includes significant income and expense items. To avoid creating confusion, the report combines small amounts into a category labeled "other."

The treasurer's report includes any significant amount due to the organization, including unpaid bills with significant amounts, explains Energize, Inc. A treasurer can standardize the report by using a word processing program to create a form that shows all relevant categories, and leave blank spaces for the amounts to be filled in later, recommends Energize Inc. The treasurer writes out the report and prepares copies for every member participating in the meeting at which he presents the report. The treasurer summarizes the report in an oral presentation that mentions the opening and closing balances and the incomes and expenses.

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