Establishing a separate business bank account is an essential step in running your small business. While you may only have one personal bank account, your business likely needs multiple accounts. According to the U.S. Small Business Administration, most business bank accounts offer benefits and perks that personal bank accounts do not. Here are four reasons why you need a business bank account. Limited liability protectionBusiness […]

Business bank accounts help you manage your business finances in a professional manner and separate those funds from your personal finances. Opening a business bank account requires more effort than opening a personal account. There are documents to gather, names to be determined and licenses to get in order. Learn why you should have a business bank account and what you need to do to […]

Before you apply for a business bank account, make sure you have all your documents and information together. This will help the process move forward quickly and more smoothly. Here’s what you’ll need: Articles of incorporationBusiness licensesDBA certificateEmployer identification number (EIN)Identification documents“There are various factors business owners should consider when opening a business bank account,” said Rampenthal. “It’s essential to prepare all necessary documents from […]

When looking into receipt-tracking software solutions, we wanted to find the one that most people felt was the “best.” There are many options to choose from, ranging from free apps with limited features to solutions with advanced features that require a monthly subscription. Here are the top three solutions that small business owners told us about. Expensify is a popular all-in-one solution.While speaking with small […]

Over the course of a year, your small business will make many purchases – for new computers, phones, office supplies, business travel and more. Documentation for each transaction matters for several financial and tax reasons, among other things. Careful organization of your receipts makes your life as a business owner much simpler. Through the use of receipt-tracking software, you can quantify how much each transaction […]