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I need recommendations on how to setup a club soccer teams chart of accounts and how to account for income and expenses.
We have 11 teams and each team has 11-18 players.
Each team holds their own fundraisers and I need to be able to see an account balance for each team.
Each team has team expenses for things like tournaments or equipment they want to purchase from money they earned.
Each team will need to account for how much each player has paid and how much they owe for team expenses.
We also need to track how much a player receives from club scholarships because of their family’s inabilities to pay (this is for grant purposes)
Thanks in advance!