Quickbooks Cash is an online bank account for businesses that want to take their cash flow efficiency to the next level. It comes with a debit card and is free to open, making it convenient for upcoming businesses looking for a simple way to manage their income and expenses and keep track of their financial health. It is best known for providing timely, automated, and efficient management of cash flow that gives you space to focus exclusively on the growth of your business. 

Here is a summary of some of the features that make Quickbooks an interesting financial tool for small businesses!

1) Low Cost Bank Account

The QuickBooks business bank account has no minimum opening deposit or monthly service fees. Neither does it have a daily balance requirement that can be a real nuisance, especially for a start-up. This account allows businesses to manage their cash flow easily and could even earn interest. It also provides easy access to cash, allowing you to cater for small business emergencies.

2) Free Instant Deposit

This means that with a business account, you will have immediate access to all eligible payments made to QuickBooks Payments the moment they are made, at no cost. You will never have to wait for incoming funds to clear once they have been processed.

3) Access To A Debit Card

The QuickBooks Debit Card is a physical card that allows an easy flow of funds between you and your QuickBooks Business account.

4) Setting Up Envelopes

Envelopes allow small businesses to set aside funds for projected or emergency expenses. This helps the business stay organised and insure itself against unforeseen events. Having an envelope makes it easier for businesses to budget.

5) Generous Interest Rates

The QuickBooks Business Account stands out from some other business cash accounts because of its high yields on interests. These profits are made even greater by the fact that, unlike most other accounts, QuickBooks has no fees or balance requirements. Few banks can compete with that.

6) Simplified Payment Of Bills

With a QuickBooks Business Account, you can schedule all your payments in one place. These transactions are recorded in QuickBooks to ensure all accounts are kept in check. You will, therefore, reduce the chances of missing deadlines and having your operations disrupted.

7) Easy To Use Cash Flow Planner

This Cash Flow Planner’s easy dashboard display allows you to observe the earnings and expenditure of your business. This tool is engineered with machine learning, ensuring its accuracy and customisation to your unique business needs.

The Verdict..?

A vendor-specific bank account isn’t for everyone, but for current users of QuickBooks accounts, or a recent start-up looking for an integrated accounting and banking strategy, a QuickBooks Business Bank Account provides a cost-and-time effective means to manage their finances. As it syncs payments directly with your QuickBooks dashboard, it can effectively eliminate time spent on bookkeeping, and ensure your accounts are always up to date.  

To find out more about how the right accounting and financial tools can transform your business – saving you time, money, and hassle – get in touch with one of our small business accounting specialists today.

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