LoCoTeamDealingWithMoney
Differences between revisions 3 and 7 (spanning 4 versions)
349
Comment:
|
1023
|
Deletions are marked like this. | Additions are marked like this. |
Line 3: | Line 3: |
== Dealing with a bank == * == Transparency earns trust from donators == * publish _all_ bank statements to the web: * anonymise transactions only where needed * also publish all cash transactions (small amounts paid for making flyers, small donations in cash during events, etc.) |
=== Really need a bank account? === * How many times has money from other volunteers needed to pass through your personal bank account? === 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_ monetary transactions to the web: * anonymise this information only where needed * publish both cash and bank transactions (small amounts paid for making flyers, small donations in cash during events, etc.) |
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?
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_ monetary transactions to the web:
- anonymise this information only where needed
- publish both cash and bank transactions (small amounts paid for making flyers, small donations in cash during events, etc.)
LoCoTeamDealingWithMoney (last edited 2008-08-06 17:00:04 by localhost)