Get the free 5 RAFFLE RECONCILIATION FORM

RAFFLE RECONCILIATION SHEET (Please fill out this form EACH time you turn in RAFFLE STUBS and MONEY to SAO PCS and place in a sealed envelope, clearly marked RAFFLE) The form MUST be turned in by

How to fill out 5 raffle reconciliation form

How to fill out 5 raffle reconciliation form:

1. Begin by gathering all necessary information for the raffle, such as the date and location of the event, the ticket sales, and the prizes awarded.
2. Enter the event details at the top of the form, including the name of the event, any reference numbers or codes, and the date.
3. Fill in the sections for ticket sales, including the number of tickets sold, the price per ticket, and any additional donations or purchases made by participants.
4. Calculate the total sales by multiplying the number of tickets sold by the price per ticket and adding any additional donations or purchases.
5. Record the total cash or checks collected from ticket sales and any other forms of payment.
6. Deduct any expenses incurred during the raffle, such as prizes, venue fees, or administrative costs, and record them in the appropriate section of the form.
7. Subtract the total expenses from the total sales to calculate the net revenue or profit from the raffle.
8. Fill out the section for awarding prizes, including the names of the winners, the prize they received, and any applicable taxes or fees.
9. Reconcile the total revenue with the total expenses to ensure accuracy and balance the form.
10. Review the completed form for any errors or omissions before submitting it to the relevant party.

Who needs 5 raffle reconciliation form:

1. Organizations or businesses hosting a raffle event.
2. Event coordinators or committees responsible for managing raffle activities.
3. Financial officers or accountants overseeing the financial aspects of the raffle.
4. Government or regulatory bodies requiring documentation and reporting of raffle activities.
5. Auditors or compliance officers conducting financial audits or reviews.

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