[Michlib-l] ACH Payments

[Tracy Logan]

Greetings Great Brain!

As more businesses move toward ACH payments, our library is trying to set
some procedures in place so we can utilize these. My core questions are:

How do you handle the approval of said payments?
Does your board approve regular ACH payments yearly? Say for your phone
bill?
Do they need to pre-approve all ACH payments?
Do they approve them afterwards as though they were just another check?
What does that look like?

My financial manager and I want to handle this appropriately and with
security in mind. Our auditors have proven to be somewhat unhelpful with
the nitty gritty details.

Thank you!

-Tracy

-- 
Tracy Logan
Library Director
Cadillac Wexford Public Library
411 S. Lake Street
Cadillac, MI 49601
231-775-6541
logant at cadillaclibrary.org
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