About Independent Communities

An Independent Community holds money for itself in its own bank account (instead of joining a Fiscal Host to hold money on its behalf).

DonatePR does not hold money for Independent Communities—the funds stay in your own bank account and it's up to you to manage them.

While DonatePR offers some bookkeeping tools and useful ways to process payments, It's not fully-fledged accounting software and does not automatically sync all activity with your bank account. It's up to you to handle your own accounting, banking, and money movements. DonatePR is a virtual ledger, not an actual bank account.

FAQ

Should I be an Independent Community?

Being an Independent Community is a good option if:

• You have a personal or company bank account you can use to hold your Community's money.

• You only intend to have a single Community associated with this bank account (if you'd like to manage multiple Communities using your own entity, create a Fiscal Host instead).

• You can take responsibility for accounting, taxes, liability, payments, and financial admin for your Community.

• You can set up a Stripe, Paypal, and/or Wise account connected to this bank account (not required but highly recommended so you can use Donate PR's financial automation features).

If the above doesn't describe your situation, join a Fiscal Host instead.

What are the benefits?

• You hold the money in your own bank account and have complete control of it.

• You can set your own policies about the activities of your Collective.

• You do not need to pay any fees to use the platform.

What are the challenges?

• You have to manage more admin tasks.

• You hold legal liability.

• You are responsible for accounting and taxes.