Making the accounts of Sport clubs or trust or society is very easy but you should know the way of maintaining it . First of all when you are making the accounts you must classify all the item in to capital and revenue nature . If expenses are in cash , so it must show in receipt and payment accounts , here do not see any nature because this account show all receipt of cash and bank from any source for business . Even if we get money through other person's credit card , then it will be deemed cash receipt . After this you can easily make income and expenditure account . This account shows net income or loss from club , so only all expenses which belongs to this year will send in expenses side of this account .It is not necessary that these are in cash it may also payable also .