Get Bc-7 Financial Statement Of Bingo Operations

This guide provides detailed instructions on completing the BC-7 Financial Statement of Bingo Operations online. This form is essential for organizations conducting bingo operations to accurately report their financial activities.

Follow the steps to complete the BC-7 Financial Statement effectively.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering the name of the organization in the designated field and ensure accurate details.
3. Input the bingo identification number, street address, and select the city, town, or village from the options provided.
4. Fill in the zip code and phone number for the organization to maintain contact.
5. If the bingo is conducted at a different address, enter the specific street address, municipality, zip code, and county in the appropriate sections.
6. Indicate the number of players and games conducted during the occasion.
7. Record the date and hours of the bingo occasion for accurate record-keeping.
8. In section A (Receipts), complete the various fields with bingo receipts, sale of supplies, and other receipts. Ensure to add items 1 through 3 to calculate the total receipts.
9. Transition to section B (Expenditures) and fill in all payments made under relevant categories such as prizes, rent, and other expenses, ensuring to total them at the end.
10. Complete section C to calculate net profit or loss. This includes calculating the profit before additional license fee and documenting the additional fee.
11. For section D, records related to the game bank fund should be entered, focusing on payees and check numbers.
12. Proceed to section E, which is about the disposition and accounting for net proceeds, including adjustments, deposits, and disbursements.
13. In section F, reconcile the unexpended balance using your bank statements, ensuring details are accurate and match the prior entries.
14. Complete the declaration section by having the head of the organization, member in charge, and preparer of the report sign and date the document accurately.
15. Finally, review all entries for accuracy. Users can save changes, download the completed form, print it, or share it as needed.

Complete your BC-7 Financial Statement online today!