finance

finance

financial procedures and regulations

This page is here to help you manage money for your club or society. Before leaving this page, please read the information regarding subs accounts and familiarise yourself with our Student Group Financial Procedures and Regulations.

subs account  

• Every club and society have their own subsidiary (subs) account, which is your student group's personal bank account. When students buy membership to your group, the money automatically goes into your subs account. When you pay for things or pay people back; money is taken from your subs account.

• Your subs account with the SU is equivalent to a trustee bank account (more on this here). For this reason, your club and society does not have access to a debit card or account details for your subs account.  

• You are still able to spend money from your subs account and add money to your subs account. To see information on how to do this, see our pages below.

• We also have a simple document to explain what you can and cannot spend your subs money on.