Cheqly Blog about Business Accounts in US

8 Crucial Cost Optimization Strategies Every CFO Should Know

by Cheqly team | March 25, 2025 | CFO Cost Optimization Strategies

Cost optimization is considered one of the top priorities for the chief financial officer in today’s competitive business landscape. According to the latest research, 36% of CFOs view cost management as a top goal. Result-oriented cost optimization involves cutting operational expenses while also allocating necessary funding to areas that will generate more productivity and profit. … Continued

A Beginner’s Guide to Business Valuation: The Market Approach

by Cheqly team | March 21, 2025 | Market Approach Method

Every business owner or entrepreneur, at some point, feels they should know the value of their business. When it comes to business valuations, the choice of the method solely depends on the purpose of the valuation and the unique characteristics of a business, as the process is highly complex. The market approach, along with the … Continued

6 Proven Steps to Automate Your Accounting Processes

by Cheqly team | March 19, 2025 | Accounting Process Automation

Given this trend, you might be thinking: how do you automate accounting? Let’s break it down. If you are planning to automate the business, start by reviewing the current process and identifying the right technology, documenting workflows, implementing automation tools, and other aspects. This article will explore accounting automation, its benefits, potential challenges, and the … Continued

Do You Need an EIN to Open a Business Bank Account?

by Cheqly team | March 14, 2025 | EIN for Business Bank Account

One of the initial steps you may take upon becoming a small business proprietor is establishing a business bank account. Maintaining a business checking account separate from your personal account when applying for business loans or a line of credit can facilitate organizing your taxes and safeguarding your personal assets. Most banks will request that … Continued

Startup Fundraising: Equity, Venture Debt, or Convertible Notes?

by Cheqly team | March 11, 2025 | Convertible Notes , Equity , Venture Debt

Raising capital is a critical step for startup founders and entrepreneurs who are looking to scale and succeed in their businesses. Founders have multiple financing options, each with distinct benefits and trade-offs. However, three major funding methods are becoming popular in the startup raising capital circle: equity financing, venture debt, and convertible notes. Read on … Continued