Categories
Resources for Nonprofit Directors

Can I use a personal bank account for my nonprofit? | LA Financial Management, Burbank, CA [Video]

Can I use a personal bank account for my nonprofit? | LA Financial Management, Burbank, CA

Are you wondering if you can use a personal bank account for your nonprofit organization? In this video, we address this common question and explain why it’s crucial to maintain a separate business bank account for your nonprofit.

Join us as we discuss the critical reasons behind keeping your personal and nonprofit finances separate. Using your nonprofit’s EIN and setting up a dedicated business bank account ensures transparency, legal compliance, and efficient financial management. Our expert advice as CPAs specializing in nonprofits will guide you through the process of establishing and maintaining a business bank account specifically for your nonprofit.

Discover the risks of commingling personal and nonprofit funds and learn best practices to avoid potential issues. With our clear explanations and practical tips, you’ll be equipped to manage your nonprofit’s finances responsibly.

Whether you need advice from a CPA in Burbank, CA, or are looking for nonprofit CPA services, we’ve got you covered. Reach out to LA Financial Management for a personalized consultation and take the first step towards effective nonprofit management today!

#Nonprofit #BusinessBankAccount #NonprofitFinance #FinancialManagement #NonprofitOrganization

Watch/Read More