Form Rd-9 - Bingo Financial Quarterly Report (Page 2 of 14) in pdf

Instructions for Quarterly Bingo Report

*MUST BE ON SCDOR FORMS USING CASH BASIS ACCOUNTING*

Complete Schedules A, B, C, & D. See instructions below.

Schedule A - Cash Accounting Schedule

Schedule A is a cash accounting of your bingo sessions. Each session must be listed with the required information.

This information must include the number of players (column B), entrance fees collected (column C), gross sales of bingo

cards (column F) and the amount of prize payouts (column G). Total gross sales (column F) should be broken down into

the portion collected paper sales (column D) and TED sales (column E). The adjusted gross bingo income should be

calculated by adding columns C and F and subtracting column G. Enter the adjusted gross bingo income or loss in

column H. The winners' withholding tax should be listed in column I. The amount to be deposited is determined by

adding columns H and I. Columns J and K show what portion of the deposit was cash or check and what portion was

from credit transactions.

Note: If you have a loss for a session, no deposit is required unless you have withholding tax on prizes (Column I). The

withholding tax is always required to be deposited.

Schedule B - Other Expenses

Provide description and amount of all additional bingo expenses not listed on page 1 - USING CASH BASIS

ACCOUNTING. Carry the total of Schedule B to page 1 line 6.

Schedule C - Bingo Paper Inventory Worksheet Summary

The ending face value of bingo cards must be reported to the S.C. Department of Revenue at the end of each quarter. A

detail of the ending inventory must be listed on "Bingo Paper Inventory Worksheets". All serial numbers on hand must

be reported to the DOR. You must list the number of faces "on", number of sheets per program pack, serial #s, total

number of sheets, face value of sheet, and total value. You should use the "Bingo Paper Inventory Worksheet" to list

the required information for your quarterly report.

Each page of the detail inventory must be totaled and listed on the "Bingo Paper Inventory Worksheet Summary".

The sum of the page totals should be entered on line 9 of "Inventory of the Dollar Face Value of Bingo Cards".

Schedule D - Prize Withholdings

Taxes must be withheld on prizes exceeding $499.99. Use Schedule D to report the winner's name, last four digits of

social security number, the amount won, the amount withheld, and the date the withheld amount was submitted to

SCDOR. Carry the total to page 1, "Additional Information", line 2.

Pages 1 - 3

Complete lines 1 through 8 of the "Bingo Financial Quarterly Report", "Additional Information" (Lines 1 and 2), and

ensure that an authorized officer of the organization has signed and dated page 1.

Complete the worksheet for the "Bank Reconciliation of the Bingo Account", (Lines 1 through 9, page 2).

Enter the accounts payable information as requested on line 8. Enter any "Excess Proceeds Tax" on line 9. Any tax due

must be paid with the quarterly report.

Complete "Inventory of the Dollar Face Value of Bingo Cards" (lines 1 through 12, page 3). Explain any difference

that is listed on line 12. List the last voucher and the face value of the bingo cards that were included in your inventory on

line 13.

Mail to: South Carolina Department of Revenue, Bingo Licensing & Enforcement, P.O. Box 125, Columbia, SC

29214-0026.

DID YOU KNOW?

You can save time and postage by filing your Quarterly Report online. Just follow these instructions and you'll be

filing online in no time. All you need is your organization, file number, and a special password consisting of at least (4)

numbers and/or letters.

1. Go to

2. Under SC Charity Bingo Organization click "Download".

3. Follow installation instructions.

4. Call Bingo Licensing & Enforcement at 803-898-5393 or 803-898-5659 to receive a password.

5. Begin filing online.

95082012

Form Rd-9 - Bingo Financial Quarterly Report Page 2

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