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FINANCIAL PROCESSES

FINANCIAL PROCESSES. WELCOME!. Overview. Financial Structure of UN Youth Common Financial Tasks for Officeholders Accessing Resources Basic Budgeting. Financial Structure. Not for Profit Organisation - UN Youth cannot be run for the profit/gain of any member

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FINANCIAL PROCESSES

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  1. FINANCIAL PROCESSES WELCOME!

  2. Overview Financial Structure of UN Youth Common Financial Tasks for Officeholders Accessing Resources Basic Budgeting

  3. Financial Structure Not for Profit Organisation - UN Youth cannot be run for the profit/gain of any member - We do not run profit making activities - We are not taxed Incorporated Society - Distinct Legal Identity - Personal Liability Insurance

  4. Financial Structure What is Xero (and why do we use it)? - Online Accounting System - Financial Record Keeping - One bank account - Tracks ledgers - Ensures that money in and money out match

  5. As Officeholders… Common Processes - Accounts Payable (where UN Youth has been charged for something - Accounts Receivables (where UN Youth is owed money by a person/organisation - Expense Claims (where UN Youth owes you money)

  6. ACCESSING RESOURCES Access via the Website Login Go to the Officeholders Section Click on National Manual Click on Financial Processes

  7. ACCESSING RESOURCES How To Guides Available Include: How to Event Management How to File an Accounts Payable How to File an Accounts Receivable How to File an Expense Claim How to Mass Invoice How to Use the Debit Card UN Youth Financial Outline

  8. Step by step guide to expense claims How to file an Expense Claim

  9. Step by step guide to ACCOUNTS Payables How to file an Accounts Payable

  10. Step by step guide to ACCOUNTS Receivable How to file an Accounts Receivable

  11. ENSURING FINANCIAL RESPONSIBILITY UN Youth needs to be long term financially sustainable. How do we do this? Good budgeting How do you do this? Find out tomorrow…

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