I'm involved in a small, not-for-profit, sports club. About £6,000 a year goes through our books.
I'm wondering if we should adopt a "dual authorisation" system for financial payments, to protect ourselves against the risk of ever electing a dishonest treasurer.
Can anyone advise on the best practice here?
I'd also like to know how to make this work, without having a system that's so painful (eg, requiring 2 people to turn up at the building society to sign a cheque) that people start to workaround the protection, thus rendering it pointless. Any thoughts would be very welcome.
Many thanks for any help you can offer!
I'm wondering if we should adopt a "dual authorisation" system for financial payments, to protect ourselves against the risk of ever electing a dishonest treasurer.
Can anyone advise on the best practice here?
I'd also like to know how to make this work, without having a system that's so painful (eg, requiring 2 people to turn up at the building society to sign a cheque) that people start to workaround the protection, thus rendering it pointless. Any thoughts would be very welcome.
Many thanks for any help you can offer!