Solopreneur Bank Account Structure
Quick Tip for solopreneurs 👇
Solopreneur, are you just starting out and wondering how to set up your finances?
Or maybe you’ve been in business for awhile, but you’d like to be more efficient.
Ok, let’s dive in.
Here is the Super Simple bank account structure that works for MOST solopreneurs:
➡️1 business checking account
➡️1 business savings account
➡️1 business credit card
➡️1-2 payment processors (like Stripe, Square, PayPal, or other point of sale system)
Next Steps:
✅Open your business checking, savings, and credit card accounts through one bank
✅Use your credit card for all your purchases to earn maximum points
✅Always pay your credit card statement balance in full each month to avoid interest charges
Having more accounts than necessary makes your monthly bookkeeping more complex and can increase your bookkeeping costs.
Consider working with a bookkeeper/accountant/financial planning professional to help you understand the story your numbers are telling you so you can make sound financial decisions without all the stress.
If you currently don’t have a team to support you in this please feel free to reach out or comment below with “tell me more” so we can see how we might be able to help.
Also – If you know a business friend who might need to hear this information share this info with them or comment below!
Or schedule a free, no-obligation Discovery Call with us: https://hello.burnsidebookkeeping.com/public/appointment-scheduler/630cfb590890c351b5d20c25/schedule
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