Bookkeeping and Accounting Setup
Assess whether your new business has a bookkeeping system, chart of accounts, and process to keep clean records from the start.
Open the free tool
For founders, new owners, and anyone starting out
Business Banking and Payment Controls
Clarify business banking and payment controls as a first-time owner: what decision you are making, what must happen now, what can wait, and the next concrete action.
6 guided steps
Private in your browser
Official guidance links
Start the free checker
Your free guided checker
Answer a few quick questions below. It is private - nothing is submitted or stored - and takes about a minute.
General information only; not legal, tax, insurance, cybersecurity, or investment advice. Confirm formation decisions with qualified advisers in every applicable jurisdiction.
The questions this tool walks you through
Here is what the checker asks and why each step matters. Prefer to talk it through? Contact us and we will help directly.
Will all revenue and expenses flow through business accounts with documented owner contributions, draws, reimbursements, transfer approvals, deposit controls, and monthly reconciliations?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: Official formation guidance
Can you explain how you will pay yourself—owner draw, reimbursement, payroll if later elected—and record each type correctly?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: Official formation guidance
Have you decided who can move money, what alerts and limits apply, and how you will reconcile processor deposits to customer sales?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: Official formation guidance
Do you know which agency, professional, or provider handles business banking and payment controls, what it may cost, and how long it usually takes?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: Official formation guidance
Can you separate what must be completed for business banking and payment controls before the first client or payment from what can wait?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: Official formation guidance
Have you written the next three actions for business banking and payment controls, in order, with an owner and target date?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Document the conclusion and take it to the appropriate attorney, CPA, regulator, insurer, or security adviser. Record the gap, responsible person, due date, and professional question before launch.
Official guidance: Official formation guidance
Want a professional to confirm your answer?
Send us your situation and one of our senior CPAs will review it with you - fixed fee, no surprises.
Contact Us