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Committee Finance Information

Whether your fundraising for your group or a charity, paying a coach or processing a membership refund, you will find everything you need to know in these pages about managing the finances of your student group. Since adapting our finance processes to make them easier for student groups, we have updated these articles and documents to reflect the change.

  • Coach's Pack

    Coaches can be a key facilitator to a group's function. However, without prior notice or official documentation of their services to a group, payment to coaches can take a lot longer than necessary. T...

  • Best Practice in Purchasing

    If something is being purchased from a Student Groups A or B account, the group should always use the best value approach and therefore make sure to Challenge, Compare, Compete, Consult. You can do th...

  • Budgets

    Budgets are an easy way of tracking income and managing expenditure. While they may look complex at first they are easy to use and as an important part of a paid group's function, are well worth the t...

  • Xero - Your Groups Account Information

    A and B  accounts are simple to understand and use. With specific functions, the below outlines when it is appropriate to use each of these accounts and what kind of money is held in them. 'A' Account...

  • Sponsorship

    <p>Sponsorship can be a very positive experience for many groups. With the additional funds, groups can spend more money to aid development and support the longevity of the club. However, there are so...

  • Fundraising and Cash Counting

    Fundraising is a great idea to add to your RAG status as well as giving your group an opportunity to better their finances. It is available to both paid and unpaid groups providing that you follow the...

  • Finance Forms and Guidance

    Finance processes can always seem like a lengthy and boring necessity. With our system as it stands we have ensured that we make managing money an easy and quick process, minimalising the mundane and ...