Business Checks

by Gary Pearson

Every aspect of running a is crucial. The finances are one of the most important things to handle when it to running a business, so it makes sense to open a business checking account at your bank. When it comes to filing taxes or just staying organized, it makes sense to keep your personal and business accounts separate.

Most banks require anyone opening a account and ordering business checks to first obtain and file a DBA, or “Doing Business As” form with their county. The bank requires this if you are operating your business a business name other than your first and last name. Charges vary from county to county and state to state.

The amount required to open a account is also much higher than the amount to open a personal account. Check with several banks in your to see what amount they require, what fees they charge and what services they provide. Fees to obtain business checks may be tax-deductible, so keep track and check with your accountant.

There will be expenses when you operate a checking account and you will not earn much in terms of interest – so it is important to know how much and when you will be charged for different transactions.

Record all checks as you write them to prevent overdrawing your business account. A good beginning will allow you to develop a good relationship with your bank. This relationship will grow as your business grows.

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