Running a business requires multitasking, literally. You need to spin multiple plates in the air at once — and that’s before you add money to the mix. From dealing with an endless list of receipts to the vendors you owe money to, a long line of bills, and the stress that crops up along the way, things can quickly get out of hand. But what if things didn’t have to be hard and strained all the time?
Having an account like a Bluevine business checking helps take the heavy lifting off your back. When you have the right technology in place, managing your money should be simple. When it is, you’re able to focus on what truly matters: making money so you can continue to live the dream (having your own business) in style.
Simplifying Financial Management
The first thing business checking helps you out with is the separation of your personal and business money. If you don’t create a distinction between the two — and are instead throwing all the dollars into one account, it’s mystery amnesia at its finest: there’s no telling what belongs to who or what.
This comes in handy not just for everyday spending, but also when the time comes to tax season. When seeking financial backing, lenders and investors will want to see organized, clear records that demonstrate what you’ve made and spent.
The Power of Real-Time Tracking
Luckily we have financial tools now. The benefits of a business checking account and companies like Bluevine, allow you to stay up to date with all the transactional data of your account. When you aren’t getting updates on deposits, transactions, and expenses, it becomes easier to grow your wealth instead of going in circles trying to figure out where all the money is going and if any adjustment is needed.
Seeing everything right in real time helps you make better money decisions. You can identify ways to cut costs through forecasting, stop buying stuff you don’t need, and determine how to put your money to the best use.
Features to Expect in a Business Checking Account
It’s wise to choose where you store money, and so in choosing the right business checking account, you want to opt for something that’ll make your life easier, not harder. Make sure the fees are low, you can access everything online, and have no restrictions on the number of transactions you’re able to run. Then you’ll be ready to glide down the path of financial greatness.
With Bluevine business checking, for instance, there are no monthly fees, and you can manage all of your operations from anywhere. Think about having to pay your bills in one place and doing payroll somewhere else; a headache, right? A business account makes it all the more convenient to keep the ship running even without using separate systems or tools.
Enhancing Financial Flexibility
This may be the most valuable benefit of business checking accounts. For some reason, you may need to pay employees, create invoices, or transfer funds and you just can’t do it because you cannot access your account. Convenient access to your account will let you take care of any kind of transaction.
In addition to tailoring payments, a business checking account also helps you pave the way toward growth. Your business grows and therefore, it’ll become necessary to have an account that can withstand higher transaction volumes and increased balances. A versatile solution like a Bluevine business checking account provides you precisely that. Given this, your business won’t end up growing out of your financial infrastructure.
