[danshaffer]

Team 8 is also a 501(3)(c), run out of our high school. That means that we hand off checks to the front office, and they take care of the accounting. Big orders generally go through the purchase order process, smaller ones go on personal credit cards and are reimbursed.
This process has the added benefit that our principal is kept in the loop on our fundraising efforts, so she gets to congratulate us when the big accounts come through.
I guess that this method means that we don't learn as much (really anything) about formal accounting procedure, but on a team of our size, that's kinda been neglected in favor of building a robot.