Charity Online Banking
I am involved with a small registered charity (turnover below £50,000) which has had conventional banking facilities with Lloyds TSB for many years.
The incoming treasurer wishes to switch to online banking for a number of valid reasons. Initial enquiries seem to suggest that Lloyds do not offer the dual authority system for making payments. This is recommended by the Charity Commissioners in their publication Internal Control for Charities CC8.
We are reluctant to move away fropm Lloyds because much income is received by long-standing standing order donations.
Has any member here had experience with dual authority internet banking; with particular regard to charities?
- Re-Training costs - tax reief 59 3
- Write an article on latest tax changes for landlords. 116 6
- AccountingWEB survey 331 4
- HMRC now overriding SA bank repayment details on tax returns 79 1
- An IT question 337 8
- Maintenance company for buy to let 95 1
- Entrepreneurs' Relief upon sale of a cash rich company 2,103 38
- Disengagement Help! 1,388 21
- Is it possible to link documents into transactions in Sage? 71 1
- Accounting for stolen van? 193 3
- Digital tax accounts - what do we expect? 1,155 21
- Capital losses on foreign property 154 1
- Creative Auto Enrolment 686 10
- self employed losses 170 1
- Unpaid fees 457 9
- Vat payable on van 309 2
- Accounting for corporation tax 581 13
- Is self-employment "another job" for PAYE 615 12
- Change PAYE agent address 158 1
- Account and Taxable Profit 575 22