The people who fill club treasurer positions really aren’t born for such greatness — they’re made. There are some qualities that help a treasurer, and these qualities can be nurtured among all club members, increasing the chances of sharing this important position during the club’s lifetime.
Personally, I believe patience is a great quality in a treasurer. A treasurer will be waiting for information from companies on mergers, spinoffs and other complex transactions. Also, there’s the patience needed to wade through company websites for information on transactions. Patience is also needed to get all the outside information needed to file tax returns.
You’d think a penchant for math is essential to club treasurers, but anyone with basic math skills should be capable of being a treasurer. Accounting knowledge also isn’t necessary. It may help a bit, but the basics for clubs aren’t difficult, and most of it is embedded in club accounting software.
Another good quality in a treasurer is the ability to take criticism. Many of the criticisms are about matters the treasurer has no control over. Good treasurers can politely let these remarks flow past them.
The final quality I’ll discuss here is the ability and desire to learn. Tax laws change. Accounting software will need to change with the law. Companies will devise new ways to structure deals that’ll stretch our ability to enter them into the software. A treasurer will need to be able to learn and should be happy to learn.