Re: Question about expensing purchases for building maintenance | <– Date –> <– Thread –> |
From: Sharon Villines (sharonsharonvillines.com) | |
Date: Sun, 12 Sep 2021 16:51:00 -0700 (PDT) |
> On Sep 12, 2021, at 6:35 PM, Ruby Reay <rurubux [at] hotmail.com> wrote: > > Thank you. We're getting some advice that auditors don't like to see payments > to individuals in the form of expenses. I simply can't imagine how that is > practical, to disallow expensing things. Interesting to hear you have a few > debit cards. We have one that is not shared. As long as you have receipts and reimbursement forms, there is no difference from paying an individual than paying a business. The auditor has to be told that you are a self managed community and the overhead of having all purchases go through one person is unworkable. The forms and receipts should be available. We have tried the debit card but it doesn’t work very well. The card holder still has to do all the same paperwork so it only means they don’t have to wait for a check. But our process for getting checks is now streamlined so it it isn’t a long time depending on when you request for reimbursement hits the cycle of check writing. You might have the check before a payment is due on your own credit card. Just keep professional quality books. Sharon ---- Sharon Villines Takoma Village Cohousing, Washington DC http://www.takomavillage.org
- Re: Question about expensing purchases for building maintenance, (continued)
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Re: Question about expensing purchases for building maintenance Kelly Bachman, September 12 2021
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Re: Question about expensing purchases for building maintenance Ruby Reay, September 12 2021
- Re: Question about expensing purchases for building maintenance Kelly Bachman, September 12 2021
- Re: Question about expensing purchases for building maintenance Ruby Reay, September 12 2021
- Re: Question about expensing purchases for building maintenance Sharon Villines, September 12 2021
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Re: Question about expensing purchases for building maintenance Ruby Reay, September 12 2021
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Re: Question about expensing purchases for building maintenance Kelly Bachman, September 12 2021
- Re: Question about expensing purchases for building maintenance Cheron Dudley, September 12 2021
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