Lightning McQueen wrote:whufc wrote:Would clubs have the capacity to provide reports relating to 'profit totals' on a day to day basis? Im not familiar with bar/canteen operations at amateur league football clubs.
I know they would be able to provide an total income figure for the day but would items be broking down enough in their reporting to provide a 'profit figure'
My rugby club would not be able to do this as they bundle a lot of items for example wine. $5 for a glass of wine (regardless of being red or white) depending on the wine they have would fluctuate the profit margin. Sometimes the red may be off a greater value than the white but the income is all bundled under 'Wine'. Their expense is accrued across the whole month of wine purchases and would be hard for them to prove a 'profit amount.' They would be able to do this over a whole month of income vs expense but on a day to day basis.
Absolutely they would, during my reign as a chairman (probably 10 years ago) it was my aim to get a register that calculated every purchase and linked to stock levels so we could do random spot checks to make sure everything was accounted for.
Each night whoever was doing close would have to count the money, bag it up, slide it into the slot of the safe and stash the float for the following evening.
I was all about accountability as in small non-profit clubs and organisations there are many reports of committee skimming off the top.
Couldn’t agree more
The rugby club I’m involved are very casual and trusting about their not only their cash handling but also their stock control, reporting and profit margin policy.
Our club buys a lot of alcohol in bulk due to getting it straight from the winery and Barossa brewery and having ample storage space. I would hazard to guess the last time they did a stock take.
While their income is always accounted for they would hardly know their exact profit on a day to day basis as there till is old school and only records income (to which they bundle everything ala wine, beer, hot food, despite the expense for many items in the same category being different) with no reference to stock control on it.
I can’t convince them to change there ways though which irks me no end considering my day job means I manage a not for profit multi million dollar budget on behalf of the Council who you can imagine are extremly pedantic about financial accountability and clarity