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Re: Managing a developing, young businessAll that stuff is a great idea, but I thought that stuff was pretty much 101-stuff. Anyway. Get even more accounts. There will be times when you have a lot of money in the business account and you'll be truly screwed if your business debit card is misused. I suggest a "holding account" where you stick "surplus money" while you're waiting to pay taxes, receive a big envoice, or just saving up. That way, if your business debit card is stolen all they get is a tank of gas and a meal at McDonalds.
Re: Managing a developing, young business
All that stuff is a great idea, but I thought that stuff was pretty much 101-stuff.
Anyway.
Get even more accounts. There will be times when you have a lot of money in the business account and you'll be truly screwed if your business debit card is misused. I suggest a "holding account" where you stick "surplus money" while you're waiting to pay taxes, receive a big envoice, or just saving up. That way, if your business debit card is stolen all they get is a tank of gas and a meal at McDonalds.
