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Every Business Needs A Business Bank Account Instead Of Personal Account - Investment - Nairaland

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Every Business Needs A Business Bank Account Instead Of Personal Account by Ffbt(m): 12:01pm On Oct 15, 2022
6 Benefits Of Having A Business Account
Part 1....



Every business should have at least a business account to receive payment for their business.
On this thread, I will be sharing benefits of having a business account for your business in Nigeria...
Many businesses want to have a business account but they haven't done CAC registration...
Your business can now have a business account even without a CAC certificate.




1. You can easily track sales, expenses, profit etc in your business.....

You can also send money from the account to pay for goods, services, products, salary etc...

I will be using Mrs Amaka as an example to explain the benefits on this thread.

Mrs Amaka as a small business owner is happy because she can easily carry out transactions and monitor her tax filings.

She can easily print her bank statement to see what's happening to the business and know the financial situation of the business.


To be continued.

If you need access to a guide on how to open a business account for your online and offline business without having a CAC certificate, click the link below...

http://.us/w/?c=ae85eb

Re: Every Business Needs A Business Bank Account Instead Of Personal Account by Ffbt(m): 2:28pm On Oct 15, 2022
Part 2

2. It makes the business look professional.

Mrs Amaka has a business account for her business. The account name is the name of her business. It's different from her personal account. Customers always prefer to send money to the business account. It increases the percieved value of the business..

E.g ChiAmaka Ventures

I believe you get the idea.

To be continued.


If you need access to a video guide on how to open a business account for your online and offline business without having a CAC certificate, click the link below....


http://.us/w/?c=ae85eb
Re: Every Business Needs A Business Bank Account Instead Of Personal Account by Ffbt(m): 2:49pm On Oct 15, 2022
3. Personal accounts may be limited in transactions but business accounts gives you access to do more transactions. You also get access to opportunities if you have a business account....


To be continued..
Re: Every Business Needs A Business Bank Account Instead Of Personal Account by Ffbt(m): 2:52pm On Oct 15, 2022
4. When you have a business account, you will be able to separate your personal funds from business funds.

In Mrs Amaka's business, she can easily know the amount in her business by checking her account balance. This will make her not to spend money unnecessarily. She can also track her business transactions....


To be continued...
Re: Every Business Needs A Business Bank Account Instead Of Personal Account by Ffbt(m): 4:07pm On Oct 15, 2022
5. The statement account of your business can give you access to grants and loans etc....

To be continued...
Re: Every Business Needs A Business Bank Account Instead Of Personal Account by Ffbt(m): 4:09pm On Oct 15, 2022
6. From your business account, you can even set up mini accounts for your employees so that they can receive alert notifications from customers when you're not in the shop or office.


Mrs Amaka opens a mini account for her employees so that can receive alert anytime she's not around so that her employees won't delay customers.

They give customers the business account and they confirm the alert but they can't check the balance and they can't withdraw. Mrs Amaka only has full access to check the balance, send and withdraw anywhere she is..


If you need access to a video guide on how to open a business account for your online and offline business without having a CAC certificate, click the link below....




http://.us/w/?c=ae85eb
Re: Every Business Needs A Business Bank Account Instead Of Personal Account by Ffbt(m): 6:32am On Oct 21, 2022
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