DO record every transaction in the checkbook register as soon as it occurs and calculate the balance so that you always have an accurate record.
DO use the electronic checkbook register form provided with the Annual Troop Finance Report, as it will calculate the register balance and update the Annual Troop Finance Report as entries are made.
DO reconcile the checkbook upon receiving the monthly bank statement. Keep all bank statements for three years.
DO make sure your deposits for the product programs equal the amount of product sold.
DO keep the girls informed of the account balance and the income and expenses. When the girls are mature enough, involve them with balancing the checkbook. This teaches them valuable lessons in money management.
DON’T write checks out for “Cash” or endorse checks to yourself. This is a big “red flag” when the accounts are monitored.
DON’T round-up your check or write a check for more than the amount of the purchase. This is also a “red flag.”
DON’T allow parents to be late with payments for the product programs.
DON’T pay for parent’s outstanding monies for product program from troop funds.
DO complete and return the Outstanding Money Report along with the signed Permission and Responsibility Forms, as well as any receipts signed by the parent/guardian who has not fulfilled their agreement for participation in the product program.
DON’T ever use your own personal money to pay for troop activities and NEVER use troop funds for personal expenses. All troop activities must be paid for out of troop funds.