Mar 24
Essential services for maximizing your business
March 24, 2017
Learn about 5 tools that make life easier by handling your business' finances.
If you recently began working for yourself or are developing a business, it is possible that you've wondered why you should open a business account, instead of managing your business' finances through your personal account. A business account gives you access to products and services made specifically for businesses, allowing you to save time while maintaining control of your finances. Mixing personal finances with those of your business can lead to mistakes and headaches when it is time to reconcile accounts and make payments to suppliers and employees, among other things.
Here are the top 5 products that any entrepreneur or business owner who has a business account with Popular can consider to make the best use of time and to increase efficiency in managing his or her business:
- Mi Banco Comercial or Web Cash Manager1
- Check real-time balances and transactions 24/7
- Create and cancel stop payments
- Access images of your checks (front and back) and deposit slips
- Make payments for electricity, water and telephone bills, among others
- Process electronic payroll payments for your employees2
- Transfer funds immediately between Banco Popular accounts
- Export transactions to QuickBooks®3
- Receive alerts and confirmations of payments, transfers and balances by email or text message4
- Authentication with a unique code for greater security when making transactions
- ACH payments for payroll, utilities and suppliers5
- Make payroll direct deposits to your employees.
- Pay suppliers in Puerto Rico and the United States through direct deposit.
- Pay federal and state taxes (including IVU and ASUME).
- Collections
- We facilitate processing checks with direct deposit.
- If a check is returned, we take charge of collecting the fee.6
- E-Commercial Statement
- Access the most recent 18 bank statements in digital form (PDF) and provide access to other users.
- Make your business' accounting easier.
- Business Banking Center7
- Transactions in your business accounts, lines of credit and commercial loans.
- Business services and credit solutions that are right for you. We have a direct line to assist you. Call us at 787-756-3939 or 7-855-756-3939 for more information.