Glossary
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Association’s funds
An association needs funds to meet its objectives and fulfil its purpose. An association’s funds are composed of membership fees, donations, subsidies, income from sales and services as well as other sources. If an association does not spend its income, it will accumulate assets. The association’s finances must be managed diligently and competently. The committee and the finance area are responsible for this task. The accounts must be kept accurately (by the treasury office, quaestor) and be submitted for approval to the general meeting. Financial planning and budgeting are important tasks of the committee (strategic). The committee must take care of raising the necessary funds and control the use of these funds; it is accountable to the general meeting with regard to the funds.
Question
Our club/association would like to open a TWINT account, for which we need a "UID" in accordance with the TWINT requirements. How do we obtain one?
Answer
A UID is a company identification number that every company operating in Switzerland receives. Companies that are entered in the Commercial Register or registered with an OASI compensation office automatically receive this UID. Smaller clubs/associations that are neither entered in the Commercial Register nor pay salaries subject to OASI contributions can request a form to apply for the UID directly from the Federal Statistical Office: email: uid@bfs.admin.ch, phone +41 800 20 20 10 The current Articles of Association must be enclosed with the registration.
