Setting up a business bank account makes it official: You’re in business! Keeping your personal and business transactions separate is essential to tracking and managing your finances. It makes tax preparation easier, too.
Whether you’re a sole proprietor, an LLC, or a small business with big dreams, you’ll need a business checking account and other services. From choosing the right bank to selecting and opening accounts, it’s an important step toward success.
“Dishonest money dwindles away, but whoever gathers money little by little makes it grow.” – Proverbs 13:11 (NIV)
The Bible has over 2,000 verses about money – twice as many as verses about prayer and faith combined! Scripture emphasizes the importance of money and the dangers of misusing or idolizing money.
Christians can’t serve both God and money (Matthew 6:24). We’re stewards of all God’s gifts, including money. Faithful Christian-led enterprises aren’t about get-rich-quick schemes or dishonest business practices. Most faith-based businesses will grow – little by little – to reach business goals while serving and glorifying God.
A business account is just one of many practical and valuable business tools. Clear and accurate records will help you keep your business on the right track.