🚀 How to Start a Business *coming soon
Course overview
Lesson Overview

7.156 – Setting Up a Nonprofit Bank Account and Internal Controls: A dedicated bank account and strong internal controls are essential for safeguarding nonprofit funds. This lesson walks you through how to open an account under your nonprofit’s EIN, set dual signers, and establish approval procedures for spending. You’ll learn how segregation of duties prevents fraud and ensures accountability. We’ll discuss how to maintain accurate records, reconcile statements monthly, and use accounting software for transparency. Donors, grantors, and auditors expect clear financial documentation, and this system provides it. Internal controls protect your organization’s reputation and ensure that every transaction aligns with your mission. By the end, you’ll have the framework for responsible and compliant financial management.

About this course

This premium course is a complete roadmap to launching and growing a business. From idea validation and market research to legal setup, funding, branding, marketing, and sales—you’ll gain step-by-step guidance backed by templates and real-world examples.

This course includes:
  • 120 in-depth modules covering every stage from idea to exit strategy
  • Detailed real-world case studies from successful startups and established enterprises
  • Access to all course materials and future updates to keep your business strategies ahead of the curve

Our platform is HIPAA, Medicaid, Medicare, and GDPR-compliant. We protect your data with secure systems, never sell your information, and only collect what is necessary to support your care and wellness. learn more

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