I collect money from other students on venmo when we do pre-orders on items. After the sale is over I transfer the money to my personal account and pay the total owed for the merchandise order.
Depending on the amount, this can quite easily raise flags at the IRS for potential money laundering. You should *NEVER* under any circumstances run the funds of an NPO or corporate organization through a personal account, and especially not the personal account of anyone who has access and/or control of those NPO or Corporate funds. No exceptions. Having receipts and proof will probably help clear you of any wrongdoing should such an accusation surface. But the hassle that can be created with such an accusation can be massive, as well as costly on the legal front for the individual(s) accused and/or suspected of potentially illegal activity.
