Closeup group of business people on computer with charts meeting discuss financial plan and subaccounting software in office. Closeup group of business people on computer meeting discuss financial plan in office.
Blog Post

Your Next Business Secret Weapon: Subaccounting with ZSuite Technologies

  • Date Posted: June 27, 2023

As a business owner, keeping track of your finances is crucial to success. But with so many different departments, projects, customers, and products to manage, it can take a lot of work to get a clear picture of where your money is going. That’s where subaccounting comes in.

So, what exactly is subaccounting? In simple terms, it’s a way to organize your financial information into subcategories that make sense for your business. Suppose you’re a business that has to keep its customer’s money separate from your operating funds, such as a lawyer, property manager, or funeral home. In that case, you’d create subaccounts for each customer or project. For example, a property manager would have multiple properties and units needing separate accounts. So instead of spending a day at your bank opening numerous accounts, you’d open and manage them in the subaccounting platform easily and on your own time. You’ll also be able to directly manage the subaccount beneficiaries, movement of money, tax reporting, and more through the ZSuite online dashboard.

With subaccounting, you’ll get a much more detailed and accurate view of your financial situation. Instead of lumping all your expenses together in one big category, you can see exactly where your money is going and make informed decisions about where to invest or cut costs. And if you work with an accountant or bookkeeper, subaccounts can make their job much easier by providing a clear and organized view of your finances.

We’ve partnered with ZSuite Technologies to offer the best subaccounting technology. Our business customers can enjoy complimentary access to this cutting-edge tool, designed to be easy to use and accessible from anywhere at any time. Plus, because we’re the first Washington-based community bank to offer this technology, you’ll have a leg up on the competition regarding managing your finances.

But subaccounting isn’t just about staying organized – it’s also about growing your business. When you clearly understand where your money is going, you’ll be able to make better decisions about where to invest and how to expand. And because we’re committed to supporting local businesses, we’re here to help you every step of the way.

So if you’re ready to take control of your finances and start growing your business, contact us to learn more and get a free demo about our subaccounting solutions.