Your business account comes with an ATM, Debit card. Pick a really secret pin number. Don't give it to anyone even in an emergency. Make sure you record withdrawals. If you have a bookkeeper paying your bills for you, be careful because they won't know that you took out money. They will be upset and so will you and your vendors if they mistakenly write a bad check to pay a bill because you forgot to tell them of your numerous unrecorded withdrawals from the ATM machine.
Originally ATM cards had a maximum of $300.00 per 24-hour period, suppose this was incase you developed a drug habit and take out the maximum $300.00 per night in cash or incase it was stolen to minimize risk on your account. Most business accounts do allow up to $1000.00 per 24-hour period now, but most likely you will have to ask for it. If you business might need this it is a good idea to have.
It is not wise to co-mingle funds such as taking $60.00 out of your business account via your local ATM to take your girl friends out to dinner. If you need $60.00 in cash then take it out of your weekly paycheck to yourself or even out of your daily cash before you put it into your bank account. Be sure however to report it as income because that's the honest thing to do. If not you have created a nightmare for your accountant and put up red flags during your tax form preparation.
"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.worldthinktank.net/wttbbs
tidy up service Northbrook ..A janitorial cleaning service is one of the best businesses... Read More
Anyone in business today realizes both the natural dependency on... Read More
Having a successful business means also having a good working... Read More
While there are few career paths that some would call... Read More
What was your aim when you went into business for... Read More
To maximum potential profits and dollars in a mobile washing... Read More
Do you like animals? Would you like to work for... Read More
Here are some useful tips on what to consider before... Read More
As an entrepreneur you can learn a lot by following... Read More
There is a rather famous true story called "Acres of... Read More
If you're just ramping up your small business email newsletter,... Read More
We visited Lexus USA, home of the Lexus North America... Read More
Aside from the fear of losing a spreadsheet or research... Read More
Perhaps you are building a new home office or you... Read More
Just recently, I took a break and caught "The Return... Read More
Before you want to build your business, you need to... Read More
1. Look Over Your Shoulder ? Of course, Punxsutawney Phil... Read More
What is a Family Business? A family business is basically... Read More
The air in my client's office nearly crackled with her... Read More
CONSIDERATIONS FOR YOUR INTERN: Specify the number of hours the... Read More
You'd like to go into business for yourself, and believe... Read More
Do You Really Need a Toll-Free Number for Your Business?... Read More
Q: I really want to start my own business, but... Read More
Are you responsible for your results?What comes to mind when... Read More
Passion. Passion alone can make your business successful. As an... Read More
reliable home cleaners Buffalo Grove ..There are many little details that go into making sure... Read More
The Operations Plan is a critical component of any business... Read More
What kinds of things effect mobile service businesses P and... Read More
What is the Big Race all about when it comes... Read More
Everything starts with a business plan: If you don't have... Read More
Think of all of your business ideas as tiny seeds... Read More
We have all seen the mobile washing units cruising our... Read More
Ok, you have successfully accomplished your dream of being the... Read More
When does your ego get in the way?Let's go back... Read More
No matter how small your small business is, it is... Read More
Writing a business plan for a mobile car wash is... Read More
Back when I owned an inventory-based business, one of my... Read More
On June 8, 2004, the world witnessed what no one... Read More
The restaurant industry in the United States employs an estimated... Read More
Now that you have invested your time, energy and money... Read More
Ask anyone trapped in a cubical about their entrepreneurial dream... Read More
Part of the power plan is making sure you have... Read More
Recently one of my customers told me the chaos swirling... Read More
As a Boat Detailing Specialist, you may want to offer... Read More
It's a strange anomaly.Most people who set out to start... Read More
Just as you are about to say "good-bye" to your... Read More
The easiest way to lift profits is to cut the... Read More
You have spent considerable time pulling your business plan together,... Read More
Many businesses offer small business franchise opportunities. There are many... Read More
KEEPING INTEREST HIGH: Supervision is key to the success of... Read More
Small Business |