How to set up business bank accounts to manage cash flow
Anaita shares her personal system for splitting business revenue across five accounts - main, stock/inventory, tax, marketing and expenses - so she never has to worry about bills. She recommends allocating roughly 30% to stock, 5% to tax (increasing over time), 30% to marketing and 20% to expenses, leaving 15% as an owner's payout.
The lessons
Route all business revenue into one main account first, then split it out weekly.
Open separate no-fee accounts for stock, tax, marketing and expenses so funds don't get mixed up.
Set percentage splits per account, such as 30% stock, 5% tax, 30% marketing, 20% expenses, and pay yourself the remainder.
Increase your tax savings percentage over time as revenue grows.
Questions people ask
How should I split my business revenue across bank accounts?
Send all revenue into your main account, then set up four separate no-fee accounts for stock, tax, marketing and expenses. Anaita allocates 30% to stock, 5% to tax, 30% to marketing and 20% to expenses, with the remaining 15% left in her offset account as her own pay. She notes the tax percentage should increase as the business grows.
Transcript
gonna show you exactly how to set up your bank accounts when you first start a business the first thing you wanna do is make sure all the revenue is going into your main bank account I use my offset account for my home loan then I want you to set up 4 accounts with no monthly fees the first one is stock or inventory the second one is tax the third one is marketing and the last one is expensive each week you're going to put a percentage of sales in each account I put 30% into stock 5% into tax but this is going to increase over time 30% into marketing and 20% for expenses this leads 15% in your offset which is you doing yourself a favour and getting paid
