On 12/1/16 11:00 AM, Jason Hanke wrote:
1 - How does $1800 / year cover the costs of actually DOING the accounting, e.g. creating new members & invoices, processing payments, calling on collections, etc. This number seems low to me. Additional thought, some entities will want to pay with a credit card, we should prepare for this and cover the costs of processing payments in the budget.
Neutral Path is currently donating bookkeeping services to the exchange. By Neutral Path I really mean Kayla. This is factored into the current budget. Other than the proposed new invoicing there are less than 10 transactions per year. We can use Paypal to process credit cards the fee is about 3%.
Jason / All I certainly appreciate the volunteering, but going forward it makes sense to allocate budget to cover the true costs of services the exchange needs - even if that budget isn't used. Think about the future. If Neutral Path were to be sold, the new owner may not have the same altruistic attitude that you have. And the exchange should be prepared by having the financial ability to move to another solution readily. Bil -- Bil K. MacLeslie | TGWGTD | ipHouse | www.ipHouse.com Office: 612-337-6337 | Direct: 612-337-6206 | Cell: 612-618-1218