Bare Bones of Bank Selection

When choosing a bank, there are four “bare bones” items things to consider.

  1. Service: You’ll get better service at local community banks. It’s also important to consider whether a bank has 24/7 service available by phone and/or online.
  2. Technology: The flip side of #1 is that the smaller the bank, the less effective it is in using technology. Finding a balance between service, integration with your accounting application(s), and  mobile app quality.
  3. Location: If you’ll need to visit the bank frequently, convenience is important. Selecting a bank that embraces technology (see #2) will mean features like mobile deposits will be available. Such features will reduce your need to visit the bank.
  4. Products and Fees – Your financial advisor can help you identify what banking products your business needs now and in the future. He or she can also help you evaluate how much the needed services are going to cost you.

Download Free MS Excel Check Register

Free MS Excel Check Register

If you’re like me, you don’t really like using something like Mint or Quicken to track your personal finances. I feel this way because:

  1. My personal finances aren’t that complicated (in other words, I’m not rich), and therefore:
  2. I don’t like using a complicated tool for tracking my finances.

Before I switched my personal finances to QuickBooks Online, I setup a macro-enabled Excel spreadsheet to track my finances. I used macros and VBA code to ensure things like all expenditures were subtracted from my bank account balance. (In other words, I used those features to dummy-proof the spreadsheet.)

I took my original Excel spreadsheet, added some instructions, and made it available as a free download on my website. I hope at least some of my website visitors find it useful. (Technical support is not included.)

Two Weeks Off

Why Choose Rocket City Bookkeeping thumbnail I took a couple of weeks off from my blog to overhaul my website, help another business with a special project, and begin onboarding Alabama Boston Terrier Rescue as a new pro bono client. Check out the cool video I created for my home page.

Now that I’m finished with those projects, I’ll have time for writing blog posts and promoting my business.