If you’re just starting up your business, or you’re looking to make your professional hobby become the real deal – you’ll need to get up to speed on a few banking essentials – especially your business account. To make it short and sweet, let’s review the top 5 benefits of a business banking account you need to know.
1. Clean and accurate books
As one of the most important benefits of having a business checking account – improved bookkeeping is at the top – especially since this is often a pain point for many small business owners.
When you grow your business, there’s so many purchases that need to be made – and it’s why you want to establish your business account first – dedicating these expenses (and write-offs) to the right place. If you’re doing this through personal funds, it’s going to get messy and overly complicated.
Simply, a business checking account benefits your bookkeeping in that it keeps everything crystal-clear, organized, and ready for both a painless tax time and stronger financial success.
2. Proof of business
Even if you’re running your business from home, you still need to show the validity of your business. As one of the many business banking account benefits – it will provide proof to your professional legitimacy.
In addition to filing your business through your state/other appropriate channels, you’ll want to set up your business account right away. Not only will it keep those personal and business expenses separated, the benefits of having a business checking account include clearer write-offs and deductions. Your business banking account will clearly show everything your business is doing – from what comes in and what goes out – making it much easier than combing through a combined personal/business account and trying to remember details months down the road. This separate business account will save you time, money – and a lot of headaches.
3. IRS protection
It’s always a possibility that your business could be audited by the IRS. If that thought causes panic – this is where the benefits of having a business banking account come in.
If you have clean books – including keeping all your invoices and expense receipts as backup materials – the audit should be pretty smooth sailing. In comparison, if you have a mixed personal/business account – it could be a disaster. Keep yourself protected with your business account!
4. Professionalism
One of the greatest benefits of a business checking account is visual – it’s your business checks.
With customized laser checks and customized manual business checks, you can represent your brand (including logo, customized colors and fonts) to all your most trusted customers and vendors – proving you’re worth doing business with.
You’ll also guarantee your checks have the right bank information – having 100% confidence that people can always deposit your checks without issues. Through our online ordering system, we get everything we need to ensure your checks are exactly right. Checksforless.com has a 100% financial institution compatibility guarantee. Our state-of-the-art MICR matching system also ensures readability by all financial institutions. We guarantee your checks will meet or exceed industry bank processing standards, including Check 21 regulations, too.
5. Powerful financial management (when paired with laser checks)
The benefits of a business banking account are even bigger when you pair them with laser business checks – maximizing your existing investments into accounting software like QuickBooks® and Peachtree®.
When you cut a laser check, the system does all the back-end stuff you never seem to have time for – automatically tracking spending, maintaining vendor details, and creating powerful 24/7 financial visibility through important reports that can guide you through the most critical business decisions.
These records will not only be useful at tax-time, but they will also help you feel organized (and empowered) all year.
The ultimate one-stop destination for your business checks (and all your checking needs)
If you’re ready to order, visit us online at Checksforless.com or call us toll-free at 800-245-5775 to get started. While our Ultimate Business Checks Guide and FAQ page is a great place to check out more information, our teams of experts are always happy to help you with more specific questions you have along the way. We’re proud to offer a 100% satisfaction guarantee on all our checks, and we’re also happy to beat any lower price you find by 10%. Our quick turnaround time is 3-5 days with production – not including shipping time. We look forward to helping you with all your business and personal checking needs!
If you’re ready to order your customized laser checks and customized manual business checks that are built with safety and protect your business reputation, contact us today!
This article is made possible by Checksforless.com. For more than 35 years, Checksforless.com has provided over 500,000 businesses with high quality business checks, deposit slips, and other banking supplies with easy ordering and fast production times; all at the guaranteed lowest price in the nation. Our discount business checks are easily customizable and compatible with over 4,500 software programs including QuickBooks® and Peachtree/Sage®. Email or call us toll-free at 800-245-5775.