Cheqly Blog about Business Accounts in US

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 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 you … 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

9 Common Cash Collection Errors (And How to Prevent Them)

by Cheqly team | March 7, 2025 | Cash Collection Errors

Errors in cash collection are a real barrier to the growth and stability of a business. It is like a situation where slow payments hold up important projects, and the business has no clear understanding of its finances. According to a PYMNTS report, 93% of businesses wait for their customers’ payments to settle, which is … Continued

Recurring ACH Payments: What They Are and How They Work

by Cheqly team | March 4, 2025 | Recurring ACH Payments

Most US businesses use ACH payments, an electronic payment method that is quite suitable for all types of business transactions. Reports show that the ACH transaction completed 33.6 billion payments in 2024, which generated more than $86.2 trillion. Businesses rely on the ACH payments to pay their employees, receive funds from investors, and get payments … Continued