Business Office for Student Organizations Krach Leadership Center - Room 365

Accounting Functions

BUDGETS

Each student organization should prepare an annual operating budget for internal control and planning purposes.  The budget should be reviewed by the president, treasurer and advisor of the club.  The treasurer should maintain the budget in the organization’s financial records.

RECONCILING STATEMENTS

Please verify that all transactions on the account belong to your organization.  If there are discrepancies, report them immediately to BOSO.

BOSO may make adjusting entries to the account under the heading Transfers In, Transfers Out, Debits and Credits.

AUDITS

BOSO conducts audits of the financial activity of recognized student organizations.  Audits may be conducted during the school year as they relate to specific activities.