Managing Income & Expenses
On the second Tuesday of each month, the previous month's banking data will be available for categorization within Chapter Leadership Administration, in the Manage Income and Expenses screens. All deposits and withdrawals in your chapter's checking account must be categorized:
Items such as preauthorized withdrawals for chapter mailings and operating funds deposits will be automatically categorized for you. All transactions that are not fully categorized will remain in the open transactions grid. If transactions are not categorized, this data will accumulate with data from the previous month. Completed categorized transactions can be viewed and edited.
This helps provide more detailed information on the deposits and withdrawals in your chapter's checking account. It also ensures accurate data is provided on the IRS Form 990.
For the current year and later years, refer to the Manage Income and Expenses section on the Financial Resources tab. Visual guides include: