Managing your playgroup’s money

While most playgroups do not have huge sums of money to manage, it is still important to keep cash and money related information safe and secure.

It is also very important that no one feels that they need to pay for playgroup related things out of their own pockets.

Parent and volunteer led community playgroups usually find that all they need is a lockable cash box (often known as ‘the kitty’) where they keep playgroup money and receipts, as well as any notes that explain how money was spent or received. Some playgroups find using a ledger book is handy for this. It’s important that playgroup organisers know where the kitty is kept and who has a key.

Some playgroups find it beneficial to set up a bank account for their playgroup.

It is important that no one uses their personal or family bank account to receive money or make transactions on behalf of your playgroup this keeps playgroup funds clearly separate from people’s personal savings. 

If you want help and advice on this or ideas for other ways to manage your playgroup’s money, contact Playgroup Tasmania at admin@playgrouptas.org.au.