This week we explore the world of debit cards in relation to your nonprofit. Historically, nonprofit groups would write checks for all purchases. This provided some built-in safety measures. Nowadays, debit and credit cards are becoming popular (for a good reason). But they open groups up to the possibility of embezzlement & fraud. Cyndi talks about the liability of these cards and provides another option to reduce risk and give you more control over your group’s money.
MoneyMinder has been supporting volunteer-run nonprofit treasurers for nearly two decades. Cyndi helps treasurers navigate this territory as a lifetime volunteer herself. Whether you are new to your role or a seasoned veteran, these tips might just help make your volunteer experience easier.