Comment on Dennis Santiago: The Business Side of Move Your Money: Innovation Needed

Dennis Santiago: The Business Side of Move Your Money: Innovation Needed

Whether it's a social statement or a cold calculation, businesses and non-profit organizations face unique challenges when contemplating moving their money. Unlike consumers, it's not just about depositing checking, savings and rolling over CD accounts. They have things like: Operating accounts, reserve accounts and in some cases special restricted use accounts. They pay payroll and income taxes which means they may need to set up electronic payment connections with the IRS' EFTPS system as well as various state franchise tax agencies. They pay employees and need to set up connections to payroll processing systems that often execute direct deposits. They write checks to pay bills.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News