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WHAT IS A CASH ACCOUNT AND WHY DO WE HAVE TO HAVE ONE?

April 26, 2017account cash

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WHAT IS A CASH ACCOUNT AND WHY DO WE HAVE TO HAVE ONE?

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A Sport Club Cash Account is an ‘on campus account’ that allows you to deposit any money that you raise from fundraisers, sponsorship or donations. It can also be used to purchase items for your Sport Club. The university monitors these accounts so that no ineligible purchases are made and to make sure that each Sport Club doesn’t go overdrawn. Cash Accounts are required for Sport Clubs so that any cash that is raised is not being kept in a box somewhere and it allows checks to be easily deposited.