- Does this replace our bank account?
- EnDAO can complement your existing bank account or serve as your primary treasury. The key difference: EnDAO requires multiple approvals for any transaction, while traditional bank accounts typically give one person full access.
- How does this help with audits?
- Every transaction is logged with full details: who approved it, when, for what purpose. Instead of reconstructing records from bank statements and receipts, your audit trail is built automatically.
- Can board members approve transactions remotely?
- Yes. Approvals happen online, so your board can review and approve spending from anywhere. No more waiting for in-person meetings or chasing signatures.
- What about donor-restricted funds?
- You can create separate treasuries for different funds or projects, each with their own approval requirements and transparency settings. Restricted-fund compliance is enforced at the structure level, not just by policy.
- How do we handle leadership transitions when a key staff member leaves?
- The new team inherits the full transaction and approval history from day one. There's no knowledge gap, no missing records, no first months spent reconstructing what happened. The ledger is the institutional memory.
- We already use QuickBooks or Aplos for accounting. How is EnDAO different?
- QuickBooks and Aplos track the dollars — general ledger, fund accounting, Form 990 support. EnDAO tracks the decisions and the trust: who approved each transaction, how many board members signed off, what the donor-restricted funds are constrained to, and whether the board is overseeing spending in real time or reconstructing it quarterly. Your accounting tool stays. EnDAO is the layer that prevents the conditions for fraud and provides the board oversight those tools were never designed to deliver.