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Choosing a business bank account
Choosing a business banking account is about packing all the transaction facilities you need into the smallest possible monthly fee. There's a wide range of options, often varying from bank to bank, but here are some small business finance tips. The personal account: Personal transaction accounts can minimise fees and seem simpler when you're getting your business up and running. But a business bank account is vital for:- ease of expense management
- simplicity (and validity) of tax deductions
- less stress in the event of an audit
- professionalism of a non-personal account
- internet and phone banking
- chequing
- Bpay
- overdrafts
- lockbox service
- payroll processing
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