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Bank Accounts In Other Name
I'm setting up a new Square account for local community groups.
I'll be using locations for each group and it would be ideal to have each location pay directly into the groups account.
Is this allowed within the Square system as I see that you need to set up a direct debit to authorise the account.
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@Sam_400º From what I have seen on my multi-location is you can have a separate account for each location. But I think the rub would be you would need to be an owner/signer on each account to use one umbrella square account. In theory you could set up each group as an independent contract and just pay them what they are owed maybe. Otherwise it might be easier to do it back end manual accounting. Otherwise, your financial institution might just let you have multiple accounts or even a sweep account.
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