Clubs

Financial Management

A Balance Sheet is a summary of the financial position of a club or association.

A balance sheet is a statement of what a club or association owns and what it owes, with the difference being the net worth or accumulated funds of the club or association.

It is a summary of the financial position of a club or association. This will list the club or association’s assets and liabilities, arranged in general categories, and will show an estimated or actual value for each item. The liabilities when deducted from the total assets show the net worth of the club or association.

Balance Sheet Template.doc (0.2 MB)