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
cleaning team near Mundelein ..A Brilliant Marketing Idea... sounds great but what is it?... Read More
A Mattress Cleaning Business might be just for you if... Read More
When we speak of branding most of the time people... Read More
In the first part of this article I put forward... Read More
Why give freebies?We have all seen freebies at trade shows... Read More
A top executive called up me late in the night.... Read More
Starting and growing a small business can be a daunting... Read More
Expanding your business requires you to take a good hard... Read More
Cash is the lifeblood of any business. As humans need... Read More
We are noticing an increase in the length of time... Read More
In your small business debt collection laws will eventually become... Read More
Many physical therapists in private practice have the appearance of... Read More
There are only a handful of car wash franchises in... Read More
Sacred cows take a long time to die. We get... Read More
Pity parties are nothing new. In fact, we do it... Read More
What was your aim when you went into business for... Read More
Rule 15C211Under SEC Rule 15C211, a U.S. securities broker or... Read More
You know what makes me really happy? Drinking a Starbucks... Read More
Free money! Receive up to $25,000 that never has to... Read More
There were only an estimated 1800 active franchisors in this... Read More
-- The One Pager Shortcut Series --An effective and compelling... Read More
There are no "rules of thumb" in the pursuit of... Read More
Canon City, Colorado is known for it's 6 Prisons; State... Read More
Get maximum results with minimum effort. Sounds great doesn't it?... Read More
If you are looking for a way to own your... Read More
move out cleaning service Park Ridge ..As a home business proprietor, you may already realize why... Read More
It is most fascinating to study how entrepreneurs spot opportunity... Read More
When a regulator finds a target to go after to... Read More
Are you a small business owner who wants to expand... Read More
What are the 5 best ways to gain new contacts?There... Read More
What was your aim when you went into business for... Read More
Tap these treasures of ideas. The best money you can... Read More
Do you promote yourself as offering prompt, reliable and quality... Read More
Franchising Directory Sites-Paid Advertising, Lead Generation for FranchisingFranchising Directory Sites... Read More
What would happen if you decided to take an extended... Read More
In many industries, image is one of the last things... Read More
Many times small businesses want to expand their businesses and... Read More
If you run a pressure washing company in a rural... Read More
Does your small business have a banking and credit card... Read More
Being a small or home-based business owner can be loads... Read More
Self-cleaning glass has been talked about a lot, with such... Read More
Senior citizens are generally not a large marketing segment for... Read More
Do you spend every waking minute in your business? Do... Read More
You may find this Newsletter a little long winded but... Read More
One of the best ways to make money in the... Read More
You are probably hard at work promoting your business (and... Read More
Microfiber cleaning towels have been around for about ten years... Read More
(Although this article is geared towards small business owners, the... Read More
$37.4 million funded from venture capital today. $86.4 million funded... Read More
Many years ago, I had warned the carwash industry of... Read More
Small Business |