Anyone taking on the role of treasurer in a not-for-profit organisation must have - or needs to learn - a basic understanding of accounting and a working knowledge of the laws governing the organisation's operation. This may sound daunting, but most accounting is commonsense once you understand the basics - it is about money coming in, and money going out.
For useful information on the financial management of a community group consult the Guide for Community Treasurers, which is attached. It has been produced by Westpac - Australia's First Bank - and Our Community, working together to help community organisations to achieve their goals. Together, we have created a Guide that provides hands-on advice to help you manage your organisation's finances effectively.