nonprofit organizations

A treasurer is referred to as that person who oversees the treasury, or monetary stores, of a government or other body. Treasurers are commonly employed by clubs, corporations, and nonprofit organizations, as well as national and local governments. In the original use of the term, a treasurer was considered to be that person who was entrusted with the oversight of a noble’s wealth, or treasure.

Responsibilities of a treasurer

The responsibilities of a treasurer includes the maintenance and administration of funds, generating revenue, and keeping financial records. Financial reports for their employers are created by the treasurers and they also analyze past financial records in order to predict future trends and plan appropriate budgets.

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Tagged as: cash-flow, Corporate finance, corporations, financial matters, Financial reports, financial risk, generating revenue, handling funds., keeping financial records, limited financial authority, maintenance and administration of funds, monetary stores, nonprofit organizations, treasurer, treasury

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