DonatePR.com
  • Welcome
  • About
    • Introduction
    • Documentation
    • Terminology
    • Company
    • Pricing
    • Team
    • The DonatePR Way
      • Mission and Values
      • Community Guidelines
    • Hiring
    • Investors
    • Contributing
    • Refund Policy
    • Contact Us
  • Product
    • Features
    • Comparison
    • User Profile
    • Dashboard
      • Preview Features
    • Currencies
    • Log-in System
    • Privacy Policy
    • Moderation
    • Security
    • Ledger
      • Individual Transactions
      • Transaction Pairs, Groups & Perspectives
      • Viewing Transactions
      • Exporting Transactions
      • Fiscal Host Ledger Perspective
      • Contributions in the Ledger
      • Added Funds in the Ledger
      • Expenses in the Ledger
      • Ledger Changelog
    • Notifications
    • Two-factor Authentication
    • Activity Log
  • Communities
    • Communities FAQ
    • Creating a Community
    • Quick Start Guide
    • Community Settings
      • Customize Community
      • Team
      • Community Goals & Tiers
      • Expense Policy
      • Data Export
      • Security
      • Integrations
      • Zero Community Balance
      • Closing a Community
    • Add Fiscal Host
    • Change Fiscal Host
    • Transparent Budget
    • Expenses
    • Updates & Comms
    • Custom Email
    • Moderation
    • Conversations
    • Events
    • Projects
    • Funding Options
    • Connected Communities
    • Contribution flow
  • Financial Contributors
    • Financial Contributors FAQ
    • Guest contributions
    • Payments
    • Platform Tips
    • Receipts
    • Donation Letter
    • Community to Community
    • Organizations
      • Organization FAQ
      • Funds
      • Bulk Transfers
  • Expenses & Getting Paid
    • Expenses FAQ
    • Submitting Expenses
      • Inviting a third-party to submit an Expense
    • Expense Comments
    • Edit or Download an Expense
    • Receiving payment through Payoneer or Wise
    • Tax Information
  • Fiscal Hosts
    • Fiscal Hosts FAQ
    • Becoming a Fiscal Host
    • Creating a Fiscal Host
    • Organisation Settings
      • Info
      • Customize Profile Page
      • Connect external accounts
      • Accounting Categories
      • Security
      • Manage updates
      • Policies
    • Fiscal Host Dashboard
      • Expenses
      • Financial contributions
      • Pending applications
      • Hosted Communities
      • Vendors
      • Transaction Report
        • Reports
    • Receiving Money
      • Bank Transfers
      • Credit Card
      • Add Funds Manually
      • Expected Funds
    • Payouts
      • Payouts with PayPal
      • Two-factor authentication for payouts
      • Refunds
    • Host Fees
    • Local Tax Support
    • Agreement Templates
  • Independent Communities
    • About Independent Communities
    • Create an Independent Community
      • Migrate from Self-Hosted to Independent Community
      • Migrate from a Fiscal Host to Independent Community
    • Independent Community Setup
    • Independent Community Management
      • Money coming in: Contributions
      • Money going out: Expenses
    • Close an Independent Community
Powered by GitBook
On this page
  • FAQ
  • Should I be an Independent Community?
  • What are the benefits?
  • What are the challenges?
  1. Independent Communities

About Independent Communities

PreviousAgreement TemplatesNextCreate an Independent Community

Last updated 7 months ago

An Independent Community holds money for itself in its own bank account (instead of joining a 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, 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, 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.

Fiscal Host
create a Fiscal Host
join a Fiscal Host