Top 10 Financial Resources That Can Transform Your Business

by Finance Tips

So, you’re an entrepreneur, huh? Congratulations, you’ve taken the first step toward building your empire! But hold on a second. Do you have your financial resources all lined up? No? Well, let’s get on that, shall we?

This article will dive into the top 10 financial resources that can truly transform your business. We’ll talk about everything from business bank accounts to tax planning software.
  1. Introduction
    1. The Need for Financial Resources in Business
    2. What to Expect in the Article
  2. The Importance of a Separate Business Account
    1. The Benefits
    2. Mercury Bank: A Game Changer
  3. Why You Need a Business Credit Card
    1. Credibility and Record-keeping
    2. Chase Preferred: The Card You Need
  4. Automatic Accounting Software
    1. Why Manual Accounting is Outdated
    2. QuickBooks: Your Accounting Companion
  5. Investment Management Tools
    1. Importance in Business
    2. Tool Recommendations
  6. Tax Planning Software
    1. The Role in Business
    2. Software Recommendations
  7. Budgeting Tools
    1. Why Budgeting is Critical
    2. Tool Recommendations
  8. Payroll Services
    1. Importance in Business
    2. Service Recommendations
  9. Digital Marketing Tools
    1. Importance in Business
    2. Tool Recommendations
  10. Supply Chain Management Tools
    1. Importance in Business
    2. Tool Recommendations
  11. E-commerce Platforms
    1. Importance in Business
    2. Platform Recommendations
  12. Virtual Meeting Software
    1. Importance in Business
    2. Software Recommendations
  13. Employee Training Platforms
    1. Importance in Business
    2. Platform Recommendations
  14. Legal Resources
    1. Importance in Business
    2. Resource Recommendations
  15. Conclusion
    1. Summary
    2. Final Thoughts

The Importance of a Separate Business Account

The Benefits

First things first, why even bother with a separate business account? Simple. It makes your life a lot easier when tax season comes around. Plus, it helps to keep your personal and business expenses separate, which is key for accurate financial reporting.

Mercury Bank: A Game Changer

Have you heard of Mercury Bank? This digital-first bank automatically puts separate profits into your business account. Think of it like your personal finance manager but for your business.

Why You Need a Business Credit Card

Credibility and Record-keeping

A business credit card isn’t just about racking up rewards points; it’s about credibility and clean record-keeping. A dedicated credit card for business transactions can streamline accounting and provide valuable insights into your spending.

Chase Preferred: The Card You Need

Chase Preferred is the go-to card for many business owners. It offers rewards, security, and the convenience of a large banking network. Imagine getting perks for purchases you’d be making anyway!

Automatic Accounting Software

Why Manual Accounting is Outdated

Long gone are the days of manual ledgers and calculators. Automation is the future, and the sooner you embrace it, the better.

QuickBooks: Your Accounting Companion

QuickBooks is the cornerstone of small business accounting. Why? Because it does it all—from tracking income and expenses to generating financial reports. It’s like having an accountant in your pocket.

Investment Management Tools

Importance in Business

Investment management is not just for Wall Street. Businesses, especially those looking to expand, need to manage their investments wisely.

Tool Recommendations

Platforms like Robinhood and Acorns can help you dip your toes into the investment world without overwhelming you.

Tax Planning Software

The Role in Business

Tax planning is often considered a tedious process, but it’s essential. Efficient tax planning can save your business thousands of dollars.

Software Recommendations

Tools like TurboTax and H&R Block offer robust solutions that simplify tax planning and filing for businesses.

Budgeting Tools

Why Budgeting is Critical

If you’re not budgeting, you’re gambling with your business’s future. Budgeting helps you forecast income, track expenses, and plan for growth.

Tool Recommendations

Mint and YNAB are great budgeting tools that offer unique features tailored for businesses.

Payroll Services

Importance in Business

Payroll is a critical function in any business. A mistake here can result in legal complications.

Service Recommendations

Services like Gusto and ADP streamline payroll processing and ensure compliance with tax laws.

Digital Marketing Tools

Importance in Business

In today’s digital age, an online presence is indispensable. Digital marketing tools can help you reach a wider audience and increase sales.

Tool Recommendations

Platforms like HubSpot and Mailchimp offer comprehensive marketing solutions for businesses of all sizes.

Supply Chain Management Tools

Importance in Business

Supply chain management affects everything from production to distribution. Efficient supply chain management can save time and reduce costs.

Tool Recommendations

Tools like SAP Integrated Business Planning (IBP) and Oracle SCM Cloud offer advanced features for supply chain management.

E-commerce Platforms

Importance in Business

If you’re not selling online, you’re missing out on a huge market. E-commerce platforms facilitate online sales and can transform your business.

Platform Recommendations

Shopify and WooCommerce are top e-commerce platforms with user-friendly interfaces and extensive features.

Virtual Meeting Software

Importance in Business

Virtual meetings have become a business staple. They enable teams to collaborate irrespective of geographical location.

Software Recommendations

Zoom and Microsoft Teams are reliable platforms for hosting virtual meetings.

Employee Training Platforms

Importance in Business

An educated workforce is an effective workforce. Employee training platforms provide resources to improve skills and productivity.

Platform Recommendations

LinkedIn Learning and Skillshare are excellent platforms for employee training.

Legal Resources

Importance in Business

Every business needs legal resources for contracts, compliance, and dispute resolution.

Resource Recommendations

LegalZoom and Rocket Lawyer offer legal services tailored for small to medium-sized businesses.



Financial resources are the backbone of any successful business. From specialized bank accounts to digital marketing tools, having the right resources can significantly impact your bottom line.

Final Thoughts

In the end, it’s not just about having resources; it’s about having the right ones. Equip your business with these top 10 financial resources and watch it transform before your eyes.


  1. Is a separate business account really necessary?
    • Absolutely. It simplifies accounting and ensures accurate financial reporting.
  2. Which accounting software is best for small businesses?
    • QuickBooks is widely recommended due to its comprehensive features and ease of use.

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Silvia Manent, Manent Capital

Silvia Manent, CFA, CFP®

Silvia is the Founder and Managing Partner of Manent Capital, a Boston-based wealth management firm that focuses on helping women understand their personal and business finances so that they can feel accomplished, confident and excited about investing in their future dream goals.


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