by Ed
(Texas)
I was just told that it is illegal for a church to have multiple bank accounts i.e. General, Savings, Special, Mens, Ladies, etc. I also was told that you cannot make change for someone from the offering.
I have never heard of this but laws are constantly changing. We wanted to open a Special bank account to keep monies from projects separate from our General Fund.
Thanks
Comments for Multiple Bank Accounts
|
||
|
||
|
||
|
||
|
||
If you want to DIY your payroll, I highly recommend you look at using Gusto! It is very user friendly and their support is awesome! Plus they know how to set up and maintain payrolls for churches and nonprofit organizations.
Note: I am a "partner" of Gusto, but as I have told you before ... I never recommend anything that we or our clients have not tried and love =)