What is Direct Deposit through ACH?

by Cheqly team | | ACH Direct Deposit

Let’s review the key aspects of ACH Direct Deposit that you should be aware of, starting with how it works and its benefits. What is an ACH Direct Deposit? ACH direct deposit lets employers or state and federal agencies transfer money electronically straight into a consumer’s bank account. It can be categorized into three groups: … Continued

How Digital Banking is Revolutionizing the Financial Sector

by Cheqly team | | Digital Banking

What are Digital Banking Services? There are various ways in which online banking apps and physical banks are different. Financial services online do not incur the overhead associated with building ownership, lease, or maintenance. Because of this, online-only providers can offer checking and savings accounts without any monthly fees. Many of them also provide additional … Continued

Bank Reconciliation: Why It’s Important & How to Do It

by Cheqly team | | Bank Reconciliation

Business owners frequently cross-reference their records with bank transactions to ensure everything runs smoothly. They can verify that the figures on their balance sheet match the bank statement, which is a best practice. The balance sheet is adjusted if any discrepancies or fraudulent charges are found. The month-end close procedure involves examining the balance sheet, … Continued

Top 10 Reasons You May Require a Business Valuation

by Cheqly team | | Business Valuation

Looking at some of the most common scenarios that necessitate a valuation, you will be able to identify when it might be time to get one for your business. Here are 10 key reasons you might need one: 1. Succession Planning One of the important steps in succession planning is to know how much the … Continued

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