A chorus manager's financial role includes establishing a bookkeeping system that supports the needs of the organization for budgeting and financial control. Most of our member choruses utilize Quickbooks for this purpose. Some handle accounting in-house while others utilize an outside accounting service. The financial role also includes annual reporting requirements to the IRS and any state regulatory agencies. Payroll functions are typically outsourced but the organization retains responsibility for the designation of individuals as employees or independent contractors. This designation can have serious financial consequences and should be well understood and documented. Financial management also includes risk management which is typically addressed through insurance policies. Each of these areas are addressed below.
Getting the Most from Your GALA Membership?
Are you taking advantage of all that your GALA membership entitles you to? Review our presentation on Getting the Most from Your GALA Membership to make sure.