Destination Payment Accounts

Club Admin Required Setup

The initial release of TeamCFO assumes external bank accounts are available for team payouts. The destination accounts are set up through onboarding with the payment processor. An external bank account can be shared by multiple teams or each team can have a dedicated payout account.

Note, each onboarded connected account will require a unique email address. One suggestion with Google GSuite (since most non-profits can access for free) as an example, but your system may have something similar:

• Create a TeamCFO email group for each team, e.g., payments_02Bblue@clubname.org
• Add appropriate staff to each team payments email group
• Create a TeamCFO club email group, e.g., payments_teams@clubname.org
• Add all payment team emails to the TeamCFO club group.

TeamCFO Budget Invoicing Approval

Club Admin Approval Mode

Clubs that prefer to approve team budgets can use the default approval required mode. The same functionality as a standard TeamCFO Budget Invoicer except that the authorized team role does not have the permission to activate or edit existing live budgets.

Team Admin Approval Mode

Clubs that prefer to distribute responsibility to team staff can request Byga Support to disable the required Club approval setting.

TeamCFO Destination Payment Accounts: New Accounts

For clubs that don’t have existing team bank accounts, Byga will optionally offer financial accounts with spending cards for authorized team members. Please contact your account team for additional information.

TeamCFO Payment Collection

Participants that are invoiced can pay their invoices directly through Byga with credit / debit or ACH payments.

Admin Only: TeamCFO Reports

A new tab in the Financial Center (Tools → Financial Center) provides a club view of all the TeamCFO budget trackers.

The budgets can be filtered by the following types:

• All team budgets
• Approved budgets
• Budgets needing approval
• Open budgets
• Closed budgets
• Warning: Disabled payment processor
• Warning: No payment processor
• Warning: Unmapped payment processor

For more information, please reference Byga TeamCFO - Team Cash Flow Optimizer