View Full Version : Common checking acct.

10-04-2004, 12:44 PM
I work with a middle governing body of a religious organization. One of our entities has set up PT (liking it due to the consolidated reports). They have set up separate companies for a) Camp b) New Church c) governing body. Problem is...all of these "companies" use the same checking account. According to them, PT does not allow them to use the same checking account.

Is there any way around this - they do not want to physically open two other checking accounts to make this work.

Any help/advice would be appreciated,

10-04-2004, 02:52 PM
How about having a single company but using account segments to differentiate between camp, new church, governing body?

You could then run financial statements that would break out P&L for each.

Single company -- no issue with a single checking account.