LoCoTeamDealingWithMoney
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| * How many times has money from other volunteers needed to pass through your personal 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. |
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| * publish _all_ monetary transactions to the web: | Publish _all_ your monetary transactions to the web: |
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| * publish both cash and bank transactions (small amounts paid for making flyers, small donations in cash during events, etc.) | * 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)