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Treasurer Basic Guide

IFC - Go Perth Dream Team Gathering 2010 – 28 March. Treasurer Basic Guide. Structure. Functions of Department’s and Celebration’s Treasurer. To help ministers complying with B.O.M and ATO requirements and regulations Managing day-to-day finance administration

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Treasurer Basic Guide

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  1. IFC - Go Perth Dream Team Gathering 2010 – 28 March Treasurer Basic Guide

  2. Structure

  3. Functions of Department’s and Celebration’s Treasurer • To help ministers complying with B.O.M and ATO requirements and regulations • Managing day-to-day finance administration • Preparing monthly journal for audit purposes • Ensuring compliance and forwarding Reimbursement Form filled by sub Department’s Treasurer to Head of Department for approval • Distributing the reimbursements

  4. Functions of Sub Department’s Treasurer • To help ministers complying with B.O.M and ATO requirements and regulations • Managing event-to-event finance administration • Preparing monthly or event journal for audit purposes • Preparing Reimbursement Form for Department’s Treasurer • Distributing the reimbursements

  5. How to receive reimbursement $$$ Sub Department

  6. Basic guidelines 1. Complying Tax Invoice

  7. Why a complying Tax Invoice Required ? • To enable us claiming GST to ATO as an input tax • To enable us reporting the correct input tax • To avoid any audit issues

  8. What is a complying Tax Invoice ? • Must have “Tax Invoice” wording for invoice greater than $75 excluding GST • Or a receipt if the invoice is less than $75 excluding GST. • Issue date of invoice • Supplier Name • Must have supplier’s ABN# • Must specify item name • Quantity / Volume • Must specify “Total amount including GST” or “GST amount” • Must specify our church name and address as the payee if invoice is greater than $1000 ex GST

  9. GST is not applicable for international airfare and giftcards

  10. 2. Filling out Actual Income and Expense Online • Online Budget/Income & Expense Form • Reimbursement Form

  11. 1000 2000 3000 4000 5000 6000 7000 8000 2100 2200 4100 4200 4300 6100 6200 1100 1200 1300 3100 3200 3110 3120 3130 3140 5100 5200 5300 7100 7200 7300

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