Chicago, IL – Office of the Treasurer
The purpose of this post is to provide you an update on the financials of the NCDA, as well as announce some treasury department news.
To begin, starting for FY18, the NCDA began using a new accounting software provider, WaveApps, to keep track of our finances, invoices, bills, etc. all in one place. This allows us to automatically generate & send out invoices, keep track of who has paid and who hasn’t, and generate financial statements. We currently are looking into additional services WaveApps provides, including making payments directly to the NCDA online, avoiding having to mail checks or pay through PayPal and have to pay additional fees to third party providers. Additionally, for FY18, the NCDA switched to the accrual basis of accounting from the cash basis, so going forward our financials will include items including net assets, payables, and receivables.
In other news, all 2017-2018 season invoices have been sent out, to the emails provided to us during team registration. You should have received these by now. Please let the e-board know immediately if your team did not receive this invoice. These annual membership dues are to be received by the NCDA by 11:59 pm PST on December 31, 2017. If they are 1-31 days late, there will be a $25 late fee assessed. Late payments without the late fee will not be accepted. No payments will be accepted after January 31, 2017, and you will not be allowed to participate in NCDA events including Nationals for the 2017-18 season. No exceptions without first clearing it with the full executive board prior to December 31. If you have any questions, please reach out to the E-board. Continue reading “Fiscal Year 2018 Q1 Financial Update”