Accounting for Bonds

Amounts paid as a bond on the hire of a hall, need to be included as a part of the event report, rather than as a non-event expense (or income when returned). This allows you to see whether the steward has fufilled their responsibility as the representative (and therefore responsible person) of your group, as the hirer of the hall.

As bonds are generally paid before the event, as a part of the deposit on the hall, any bonds paid should be recorded in the expenditure section of the event report. The return of the bond can either be put into the income section or as a negative value in the expenditure section.