Cheqly Blog about Business Accounts in US

SWIFT Code vs. Routing Number: Are They the Same?

by Cheqly team | April 14, 2025 | SWIFT Code vs Routing Number

The bank transfer process between domestic and international spaces requires an understanding of SWIFT codes and routing numbers. These payment-routing systems exist for different functions because they operate in separate financial systems. The international banking communication system SWIFT codes support secure cross-border transfers, but routing numbers enable domestic fund transfers in the United States. We … Continued

10 Common Business Valuation Mistakes to Avoid

by Cheqly team | April 8, 2025 | Business Valuation Mistakes

Business valuation errors aren’t just about wrong numbers. They’re about how we judge the value of businesses that create not just products but also opportunities. These mistakes—misjudging what a business is really worth—have caused big companies to fall, ruined mergers, and wiped out billions in value. Knowing these errors is one of the most important … Continued

What is Cash Reconciliation & Why Is It Important?

by Cheqly team | April 4, 2025 | Cash Reconciliation

A business’s performance can be significantly enhanced by effective cash management. Through cash reconciliation, a company checks its records against bank statements or payment reports to detect errors, maintain transparency, reduce financial risks, and optimize cash flow. This article explains what it is, why it matters, how it works, common problems, and ways to make … Continued

Alternative Payment Methods in the US: Your Complete Guide

by Cheqly team | April 1, 2025 | Alternative Payment Methods

The US is a global e-commerce giant, being the second-largest e-commerce market. Retail sales through e-commerce in the fourth quarter of 2024 were over $308.9 billion, ranking just behind China. So, what are the most popular alternative payment methods in the US? Its top contenders are digital wallets, BNPL, cryptocurrencies, P2P transfers, bank transfers, prepaid … Continued

What Is Cash Runway and How to Lengthen It for Your Business?

by Cheqly team | March 28, 2025 | Cash Runway

Managing your business is the right way to ensure that it remains successful and profitable over time. One crucial aspect of this is to know and check your cash runway. In simple words, a cash runway means your business can still run before it exhausts all available cash resources. Knowing your burn rate and adjusting … Continued