Opening an Account
Besides the Executive Member and the Treasurer, who else should always be a signatory on the account
Who is either the Area Director (regions) or Section Director(Area)?
Physical bank statements should be mailed to this address....never to the AYSO office.
What is the local region address?
Quickbooks can be linked to a bank account and this other app for real time view of finances.....ask William.
What is Bill(Divvy)?
VMP fees are also known as......its $25.
What is Volunteer Membership Fee?
These signatories can't be from the same household or related.
Who are the RC(AD/SD) and the Treasurer?
What is Quickbooks?
Financial records are stored for this long....what does that shape look like? I see puffy, billowy ones like cotton.
What is for 7 years in the cloud?
The main benefit of using physical or virtual credit cards to authorized purchases from available credit limit.....not having to work so hard writing these.
What is fewer expense reimbursement checks?
This address should be used for all accounts.....even if you don't live there!
What is 19700 S Vermont Ave, Suite 103 Torrance...bonus 400 pts if you know the zip?
You should do this if not using Quickbooks....maybe put on the calendar or use your phone.
What is monthly?
Doing uploads and imports allows AYSO to consolidate tax forms and taxes to maintain this....sorry, we won't be earning any money soon.
What is non-profit status?
These are the main benefits of the mobile app.
What are:
Inclusion of receipts
Coding of transactions at point or purchase
Transfer to Quickbooks
AYSO requires these 3 items or documents to open or close an account.
What are:
>AYSO IRS Non-Profit Determination Letter
>AYSO Articles of Incorporation
>Authorization Letter on AYSO letterhead from Finance
Bonus: Where can you get these?
Quickbooks is the preferred app for this purpose.
What is consolidated tax reporting?
Quickbooks provides greater user friendliness and this.....almost instantly.
What is "real-time"?
True or False: We still need documentation.
TRUE: invoices, receipts, reimbursement request/approval.
This number of signers is ideal....just in case someone is not available.
What is 3?
TRUE OR FALSE: Checks can be written for petty cash.
False: no checks should be written to cash.
This software features include tracking of expenses and revenue, as well as this(we used to call it balancing)
What is reconciliation of accounts?
This can be used for VMP fees, Player Registration fees paid in case and other approved vendors/expenses.
What is Bill/Divvy?