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What is the best way for a partnership to handle the checkbook?
Our rental house business is now no longer a little hobby biz. We have 5 houses going, and there is real money to deal with now. My partner has generally handled the bills up to this point, but after looking over the statements, there is no way I can blindly let him have the wheel. I would be the fool if I don't keep an eye on the money.
I am thinking that auto bill pay for all fixed expenses, and then two signatures required on checks would be the only fair way to eliminate any , and all future disputes about money.
Any other good ideas?
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