Managing Independent Collective Finances
Read on to learn how Open Collective empowers Independent Collective admins to manage incoming and outgoing funds.
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Read on to learn how Open Collective empowers Independent Collective admins to manage incoming and outgoing funds.
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Was this helpful?
There are some workflows you need to be familiar with to enable the operations of your Independent Collective. As you are in control of and responsible for the back office admin, it's up to you to process money coming in and out.
To enable people to contribute to your Independent Collective, you need to set up ways that they can pay you. Learn more about this in the Receiving Money section.
If you wish to use Open Collective's integrations with payment processors to enable paying expenses in one click, you can learn to do so in our Sending Money section.
If you do not want to link these services, you can pay expenses by other means outside the platform (e.g manual bank transfer), and mark them as paid manually on Open Collective. Alternatively, you can utilize the Vendors feature to pay expenses to organizations without Open Collective profiles.