Business bank accounts, accounting software, and payroll systems are all essential tools for managing the financial operations of a business. A business bank account is a dedicated account that allows a company to separate its business transactions from its personal finances. Accounting software is a computer program that helps businesses track and manage their financial transactions, such as invoices, expenses, and income. Payroll systems are used to process employee salaries and wages, manage tax withholding and benefits, and provide reports for HR and accounting purposes. Together, these tools help businesses efficiently manage their finances and stay organized and compliant with financial regulations.

In this episode, I discuss business bank accounts, the Quickbook accounting software, and payroll systems. I share recommendations for finding a bank, tips to know if the bank fits your business needs, and strategies for choosing the right accounting software. I also talk about how you can choose the right payroll software for your needs. Tune in to learn more!

Timestamps

[02:20] Business bank accounts

[07:32] How to make Quickbook accounting software better

[07:56] Recommendations for finding a new bank

[10:56] Knowing if a bank fits your needs

[13:11] Choosing the right patrol software

[18:57] The ADP accounting software

[20:11] Tips for choosing the right accounting software

[22:41] Liscio - A cloud practice management software for accountants and bookkeepers

Notable quotes:

● “The first fundamental part of your business is your bank account. Having a great bank account can scale your business.”

● “Just because you bank with a bank that is a good personal fit, it does not mean that it is a good business fit.”

● “January is the best time to switch payroll software.”

Episode resources:

https://quickbooks.intuit.com/global/

https://www.freshbooks.com/

https://www.adp.com/

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