Some organizations don't take the time to open a bank account and then go to the bank and make deposits. It may be that this is what has always been done and it has worked. We do suggest the PTO open a bank account and have a checkbook and disburse the money with a paper trail. Makes it easier to set a budget from year to year when you know how much is being spent and earned on different events. Its easy enough to set up a bank account. Get an EIN from the IRS and you are set to go. Our PTO Start-up Guide as well as the Treasurer's Toolkit are both great resources. You can find them in thePTO Today Store.
- bblake
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