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Getting the most from Online Banking - May 28, 2009

Posted by: David Kirkup in Articles

Many small businesses are still using paper checks sent through the mail to settle their accounts. But online banking can save time and effort, and improve cash flow.

How do you pay your household bills? Chances are, via your bank's online interface, or, even easier, through automatic deduction. How do you pay your company's bills? Chances are the process involves paper checks and the U.S. mail.

Online banking has gained wide acceptance among consumers, and large corporations with sophisticated funds transfer programs are accustomed to banking electronically. Until recently, though, most small businesses were stuck doing their banking the old-fashioned, paper-intensive way. Reasons range from poor integration with QuickBooks to the difficulty of having more than one person sign off on an expense, to resistance to learning how to use new technology.

But online business banking options are growing, and can save both effort and money......

More at Inc.com - David Kirkup quoted in recent article by Minda Zetlin