How can a non-profit company take money out of a business bank account?

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Evening. We are a non-profit organisation that has just started a business bank account. As a non-profit, are we allowed to just take money out of that account, or will that get us into trouble?

Answers

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Yes, a non-profit business can take money out it’s bank account as long as it is for business purposes - you cannot remove funds for your own personal use. Any transactions that go through your business bank account must be recorded in your accounts and you should keep receipts or invoices as evidence of where they funds went.

a year ago
 

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