Here are some common questions and answers to help you decide whether or not the position of volunteer treasurer is for you.

I want to give back to the community! Is the role of a volunteer treasurer for me?

People volunteer for many reasons and giving back to the community is an essential aspect of the job for many individuals looking to volunteer at a nonprofit. Understand that if you do want to take on the role of volunteer treasurer, then you will have to commit for at least one year, so there is continuity in the role. If you are organised and have the capacity to balance books and make payments, the position of volunteer treasurer can be very rewarding.

I don’t know anything about accounting! Can I take on the role of volunteer treasurer without this knowledge?

While a basic knowledge of accounting or bookkeeping can assist you with the position, as long as you have a strong willingness to learn, then you should have no significant issues. There should generally be some kind of handover offered, and you will be shown all that you need to know to start work. Once you have much of the basics under your belt, you will soon learn that the role operates mainly on top notch organisation skills and common sense.

What is expected of me in a volunteer treasurer position?

While each volunteer treasurer position may vary from company to company, it is expected that you will be able to look after the financial administration of the NFP. You may also need to attend meetings and keep everyone updated as to the finances of the organisation. The position may involve maintaining up to date financial records, banking, adherence to tax regulations, financial reporting and payment of any necessary expenses.

What if I have no computer knowledge?

Again, as long as you are willing to learn, then it should be no major hurdle. Some NFPs still use paper-based systems, while others use basic Excel spreadsheets or volunteer treasurer specific software such as Admin Bandit. Whichever the method the NFP chooses to use, you will generally be given the necessary training, so you understand how to read, update and create the required reports to get the job done.

What is the first thing I should do in the role?

Always make sure that the accounts are up to date. If they are not, then make that your priority. You don’t want to be issuing cheques and making payments only to realise that the books are not up to date and you have overdrawn the account. Get to grips with the financial standing of the club before you start spending money and approving payments. Same goes for the organisation of any major fundraisers. Make sure you are on top of the financial situation before any marketing begins.

What if I cannot handle the position after I have accepted?

If you find that you lack the necessary skills, time or ability, then make sure you talk to the non-profit as soon as possible. They may be able to offer you more support to help you complete the tasks until they can fill the position. The one thing you want to avoid is to leave them in the lurch and have no one taking on the role, as that could prove to be a big headache for everyone. To avoid this happening, make sure you ask all of your questions up front before you accept the role, so you know exactly what is expected of you.