Money goes directly into the beneficiaries bank account. The - PowerPoint PPT Presentation

Advantages of not using cheques to pay beneficiaries, suppliers and salaries • Money goes directly into the beneficiaries’ bank account. • The beneficiary does not have to go to the bank. • No perceived stigma at bank about paying in a cheque from a charity • Better control over cash flow (nominated payment day and no un- presented cheques) • Easier bank reconciliation • Reduced bank charges • Expensive stationery is not required. • Reduced postal charges if email remittance advice used. • More control over the whole process

How do I get a beneficiaries bank details? Ask them A member of staff from the Finance Department (not Welfare) says that the beneficiary has been awarded a grant which is paid by BACS into their bank account. Do not get into conversation about how much. We ask the beneficiary for their bank details by giving them the office phone number and asking them to return the call. The beneficiary will already have had a visit from a volunteer and phone calls from Welfare Advisers. Our photographs and contact details are on the LionHeart web site. Are the bank details they have supplied correct? Use PostcodeAnywhere to check them. Pay per click. www.postcodeanywhere.co.uk

We haven’t got any money • SAGE Line 50 for 2users costs £1,000. • Charity version. • Create a creditors ledger account for each beneficiary. • Post an invoice equal to the grant. • Pay by BACS. • Email remittance advices. • A desk top scanner costs £300.

And for even less…. • www.paxtoncharities.co.uk/ • www.payline.co.uk/

Internet Banking • Available 366/7/24 • Instant information • Free with at least one bank. • Information that is available to many not just one paper bank statement.

Alternative Donation Methods to Cheques • Cash – Tight control over collection boxes and count in the office. • Credit Cards – LionHeart accepts online donations by credit card. • Standing Orders – LionHeart uses these but will convert to Direct Debit wherever possible. • Direct Debit – LionHeart will accept Paper and Paperless Direct Debits. • Charity Vouchers – LionHeart accepts these. • Bank to Bank transfers – some donors use this. • Just Giving – LionHeart uses this

In the future • Phone bank to make donation. • Mobile phone donations. • Paper transactions at bank but probably higher cost.

• Questions any one?

Contact details • Melora Jezierska Melora.Jezierska@cfdg.org.uk • Roger Chester • rchester@lionheart.org.uk