Tip & How-To about Finance

Keep personal and business expenses separate

There are many reasons why you would want to and should open a business checking account when you are first starting your business. One the biggest reasons to have a business checking account in addition to your personal account is that by keeping them separate you are making tracking everything easier. When all the money is coming into and leaving the same account it can be near impossible to keep track of what is a business expense and when is a personal expense and then to see what you are making and what the business is making. Also if all business and personal expenses are coming from the same account creditors like the IRS can come after your personal assets if your business has any outstanding debts. It may seem like a lot to set up a business account when you are first starting out, but it is better to start early than to wait until its too late.

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1 Answer

I need to open a business checking account. Does anyone have any info about the different types?


There are so many types of business checking accounts and it really depends what your needs are ie are you small or big business. Take a look at this link to the US Bank which gives information about some of the different types of accounts that they offer;
https://www.usbank.com/small-business/checking/compare-business-checking-accounts.html

Aug 19, 2013 | Finance

1 Answer

I already have a personal checking account with my bank but I want to now open a business checking account. Do I have to go into the bank to do this?


No - I opened a business checking account with HSBC in the States and I was able to do it online without any trouble. Good luck.

Aug 19, 2013 | Finance

1 Answer

My business is not based in the US but I wanted to open a business checking account with the Bank of America. Is this allowed?


You can try other banks but I know that the Bank of America only lets you open a business checking account if your business is US based.

Aug 19, 2013 | Finance

1 Answer

Office 2007 Update - Outlook not working


Open OL 07 -> Tools -> account settings -> Under the "E-mail" tab -> Check how many account you have. You should see 2 e-mail accounts and if both are the same, delete one account which is not set as DEFAULT. Reason: When you opened OL 07, it checks if there is any e-mail account setup in Outlook Express ( Win XP) or Win Mail ( Win Vista ) and migrate the account settings.
No E-mails in blackberry :  
Open OL 07 -> Tools -> account settings -> Under the "E-mail" tab -> Select the e-mailaccount and click on CHANGE -> Go to More Settings -> Advanced -> Enable " Leave a Copy Of messages on the server"
Reason : Outlook must be downloading all the e-mails from your server when it look s for new mails on the server due to which Blackberry does not detect any -mails on the server.

Jan 14, 2009 | Microsoft Office Outlook 2007 for PC

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