Report financial transactions with a commercial account

Although corporate accounts offer various advantages on personal accounts, it is important to understand how to use all functionalities and correctly report transactions.

In this article, we will explore the different types of transactions that can be made with a commercial account and how to keep specific financial files.

Business bank transactions with commercial account

Once your commercial account has been configured, Detonbank offers a robust set of features to help medium and large companies effectively manage daily operations.

Through the Online company bank The portal, authorized users can initiate both domestic and International metal transfers In several currencies. This allows companies to easily pay international suppliers or receive payments from foreign customers.

For frequent transfers, companies can establish automatic payment calendars for payroll, invoices or other recurrent regular expenses. This makes it possible to ensure that payments are made in time while reducing manual data entry.

The biggest corporate customers can also benefit from cash management services Like multi-money portfolios, pooling liquidity between accounts and monitoring of payment exceptions.

Whether you need to process supplier invoices, pay employees or follow expenses, a business account rationalizes common financial tasks.

Users can generate online payment Orders, manage supplier invoices and generate personalized financial reports in a few clicks.

Export to accounting functionalities will synchronize transactional data with integrated accounting software as free to be for the holding of automated files.

What transactions can be made with a commercial account?

A commercial account allows various types of transactions specially designed for operational needs.

The current transactions carried out may include:

• Deposits: Accept paid payments electronically through direct banking transfers, electronic wallets or payment links. Money and physical checks can also be deposited.
• Withdrawals: Pay expenses via online transfers, direct flows, checks or ATM withdrawals using a commercial debit card.
• Purchases: Make supply and purchase orders using a commercial credit card for file holding programs and awards.
• Pay: Treat the salary, salaries and payments between entrepreneurs directly from the account.
• Bills: Configure automatic invoice payments or quickly pay suppliers online.
• Cable transfers: Launch national and international money transfers between accounts.
• Tax payments: Pay various tax liabilities using accounting integration.

A wide range of payment options is available to manage regular cash flows and fulfill financial obligations through an established commercial account.

Is it possible to pay with a corporate bank account?

Absolutely – performing payments is one of the fundamental functions of a commercial account. ITONBANK offers several practical ways to pay funds directly from the account balance.

For recurring invoices, users can establish automatic invoice payments which are processed on the dates scheduled each month or quarter. This guarantees a timely treatment without late costs. Sellers are reliably paid through direct banking transfers.

For punctual or variable payments, online banking services allow direct transfer of funds to other bank accounts with the details of a recipient.

Additional payment options may include transfers For larger value international funds and check writing for those who always count on paper documents.

Commercial credit and debit cards Linked to the account facilitates the purchase of supplies outside the office or online.

Transactions are conveniently summarized on monthly declarations as well as the benefits of reward. Employee reimbursements or payers are also manageable thanks to direct deposit transfers.

Modern digital payment methods Also integrate transparently. Users can generate unique payment links to invoice customers safely by e-mail or generate online payment buttons for payment flows. Business owners have total control over the movement of money directly from their PC, tablet or mobile device at any time.

Methods of sending money with a corporate bank account

With regard to the food of financial needs of any business, flexibility and choice are important.

Totonbank understands this, which is why it offers several options to launch money transfers with your commercial current account:

• Cable transfers: For large transfers of national or international funds, wiring is the fastest payment method. There may be additional costs, but transfers arrive within 1 to 2 working days.
• ACH payments: The automated payments of compensation housing take 1 to 3 working days to be treated but have costs per transaction lower than those of the wires. They are well suited to payroll, compensation remuneration or supplier discounts.
• Verification: For relations with inherited suppliers who still count on paper, corporate checks allow you to send a payment up to 7 days. Digital checks imaging you to remove remotely.
• Debit / credit cards: Use physical or virtual corporate cards related to the account to buy stocks, services, travel and more. Follow all expenses via monthly declarations.
• Online banking transfers: Initiate unique or recurring internal funds in the online portal between the accounts in a few clicks.

There are many options to distribute funds according to factors such as the emergency, destination and preference of recipients that a business account facilitates very well.

Can transactions carried out in a corporate bank account be declared?

Yes, properly report all financial transactions carried out via a commercial bank account is crucial.

Totonbank understands this need and provides various tools to help users effectively manage recordings:

• Online statements: Complete transactions stories are easily accessible from any device by connecting to the online gate.
• Financial reports: Customizable reports decompose expenses by category, label, dates range and more for an in -depth analysis of cash flow models.
• Accounting integrations: Couture -free data flows automatize the synchronization of transactions in FreeAagent or other accounting software for systematic accounts.
• Reception capture: Mobile check and reception scanning applications directly accelerate allocation paper documents in the correspondence categories.
• Recording downloads: The details of the transaction and the reports easily export calculation sheets or accounting file formats for a simplified self-payment of taxes and declarations.
• Activity newspapers: An Activity Journal Consulted ARCHIVE All account actions for reference and historical audit trails if necessary.

These robust but rationalized reporting features allow business owners to properly follow the sources of income and expenditure models directly from their commercial banking dashboard.

The complete documentation ensures transparency when preparing important commercial documents or interaction with the tax authorities as well. With the right tools, the maintenance of precise financial files of the corporate account is very manageable.

With the wide variety of transaction and report capacities available via tokenbank Online company bank The platform, business finance management has never been simpler.

Our dedicated commercial banking solutions allow companies of all sizes to rationalize the processing of payments, to obtain valuable information on cash flows and to maintain compliance effortlessly.

Talk to a Token Representing today to discover how corporate accounts can optimize operations and feed your business continuous growth.