Treasurer Basic Guide

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

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