LoCoTeamDealingWithMoney

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== Dealing with a bank ==
 *
== Transparency earns trust from donators ==
 * publish _all_ bank statements to the web:
  * anonymise transactions only where needed		 === Really need a bank account? ===
How many times has money from other volunteers needed to pass through your personal bank account? Not a major inconvenience to you yet?! Then it's not a problem.

=== So you really need a bank account? ===

Minimalist structures often suffice. In Belgium and many other
non-US countries, it is possible to open a bank account for an informal
organisation without too much of a formal structure in place. You just
need to clearly convince the bank of a few things with a small written
statement:
 * this is a non-profit, not a money laundery
 * there is at least some process in place to decide who gets to be in charge of the money
 * the people with access to the bank account are not likely to change a lot

== Transparency earns you trust ==
Publish _all_ your monetary transactions to the web:
  * anonymise this information only where needed
  * both cash & bank, incoming & outgoing transactions

Rule number one: KISS - Keep It Simple Stupid!

Really need a bank account?

How many times has money from other volunteers needed to pass through your personal bank account? Not a major inconvenience to you yet?! Then it's not a problem.

So you really need a bank account?

Minimalist structures often suffice. In Belgium and many other non-US countries, it is possible to open a bank account for an informal organisation without too much of a formal structure in place. You just need to clearly convince the bank of a few things with a small written statement:

  • this is a non-profit, not a money laundery
  • there is at least some process in place to decide who gets to be in charge of the money
  • the people with access to the bank account are not likely to change a lot

Transparency earns you trust

Publish _all_ your monetary transactions to the web:

  • anonymise this information only where needed

  • both cash & bank, incoming & outgoing transactions

LoCoTeamDealingWithMoney (last edited 2008-08-06 17:00:04 by localhost)