Entrepreneurs: these are among the top reasons to open a business checking account

For many new and veteran business owners, keeping business finances separate from personal finances can be the most effective way to manage cash flow. Having a business account not only makes it easy to separate financial records for IRS purposes, but it also helps to offset business expenses like travel costs and phone calls against your income.

Business accounts work similarly to personal checking accounts, where you’re able to set up payments, make debit card transactions and receive payments.…

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