When it comes to managing your business’s cash flow, even the most organized owner will have a lot of moving parts to keep track of, and many will need to be monitored in real time. Access to the right business banking tools makes all the difference in the world.
Go Online
Doing business in 2018 is about making the most of your time so you can make the best choices about your money. Online banking is the best way to do both. With treasury management solutions at Guaranty Bank & Trust, you have tools for online cash management, credit card processing, positive pay, remote deposit capture, and much more that allow you to manage your funds at any time, from anywhere.
Utilize Automation
Aside from convenience, one of the biggest advantages of online banking is having the ability to let certain account levels and events monitor themselves. Set up alerts for when the company debit card is used, when your cash balance reaches a specified amount, or when a suspicious check is tagged as an “exception,” so you can stay in the loop with no extra effort.
Consider Commercial Account Analysis
Has your business been growing? The ideal solution for businesses with higher checking activity and treasury management needs is account analysis. The Guaranty Bank & Trust Commercial Account Analysis is designed to deliver value while providing access to an array of tools to meet your day-to-day cash management needs. For as little as $10 a month, with an earnings credit allowance that can partially or fully offset monthly charges, you can take your business’s treasury management to the next level.
Opening a Business Account Should be a Top Priority
It is recommended that new business owners open a business account immediately upon receiving a business tax identification number. Doing this can also help to promote and maintain good business practices for future endeavors. Besides helping with things such as basic accounting and tax preparation, opening an official business bank account helps to legitimize your business and give it a “real” feel.