Given the emerging sandbox projects and the willingness of the community to sponsor some of these project’s costs, this post attempts to start the discussion about documenting the process of accounting of project spending:
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SAFE wallet: Given the possibility of setting a code base process to payback the community a fee ( that is under discussion on this post : Sandbox fees and contributions back ) should the project wallet have any specific characteristics? I would suggest that the project sets up a SAFE as it main wallet , so as the project grows an d with the possibly the project governance change, there will be no need to migrate the project funds to another type of wallet.
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Monthly Expense report: The project should provide the community a monthly report of
its expenses and earnings containing the explanation of the cashflow and images of receipts.
The report must be attached to the project forum post inside the “Governance - Sandbox accounting reports” ( to be created)
- The reports will be checked by the community and further details can be asked for the project manager ( owner).
Please provide feedback on this workflow so we can settle in a process. Thanks