The Smarter Way to Manage Business Expenses

As a business owner, managing cash flow effectively is crucial to your company’s success. The Relay Visa Credit Card offers a solution designed to enhance your financial management and streamline team spending. As a remote team, this Relay feature is one of the most beneficial to us when our team members need to make company purchases. 

Relay has been making waves with its innovative approach to business banking. They’ve understood that small businesses and ecommerce sellers need more than just a traditional bank account; business owners need a financial partner that offers transparency, control, and efficiency. Let’s talk about how it can benefit you as well. 

Why the Relay Visa Credit Card Stands Out 

The Relay Visa Credit Card seamlessly integrates with your Relay business banking account. This means all your transactions, whether they’re bank transfers or credit card purchases, are visible in one place. For those of us who advocate for clear financial visibility (you know I do!), this integration is a breath of fresh air. 

Managing expenses can often feel like herding cats. With Relay’s platform, you can issue multiple cards to team members with customizable spending limits. This level of control ensures that expenses stay within the budget, and you get real-time insights into where your money is going. 

Cash flow is the lifeblood of any business. The Relay Visa Credit Card provides tools that help you monitor and manage your cash flow effectively. By having immediate access to transaction data, you can make informed decisions quickly, keeping your business agile and responsive. 

Embracing the Profit First Methodology 

You all know how passionate I am about the Profit First system. It’s about prioritizing profit by allocating funds to different accounts for specific purposes. Relay’s banking system, combined with their Visa Credit Card, complements this methodology beautifully. 

• Multiple Accounts Made Easy: Relay allows you to create up to 20 individual checking accounts at no extra cost. This feature is perfect for implementing the Profit First system, where you can designate accounts for profit, taxes, operating expenses, and more. 

• Automated Transfers: Set up automatic transfers between accounts to ensure your allocations are consistent and hassle-free. This automation aligns with the Profit First principle of “bank balance accounting,” making it easier to stick to your financial plans. 

Security and Peace of Mind 

In today’s digital age, security is paramount. The Relay Visa Credit Card comes with robust security features: 

• Fraud Monitoring: Advanced systems detect and alert you of any suspicious activity. 

• Control Features: Instantly freeze cards if something seems amiss. 

• FDIC Insurance: Funds are FDIC-insured up to the legal limits, providing an extra layer of security. 

Making the Switch 

If you’ve been feeling that your current banking and credit solutions aren’t quite meeting your needs, it might be time to consider Relay. The combination of their business banking platform with the Relay Visa Credit Card offers a comprehensive solution designed with small businesses and ecommerce sellers in mind. 

Financial clarity and control are not just nice-to-haves—they’re essential for the success and growth of your business. Tools like the Relay Visa Credit Card empower you to take charge of your finances, align with profit-first principles, and set your business on a path to sustained profitability. 

Remember, the goal is not just to make sales but to keep profits. By leveraging financial tools that support this mission, you’re investing in the longevity and health of your business. If you’re ready to have better control of your finances, reach out to the bookskeep Team today! 

Interested in Profit First? 

If your ecommerce business isn’t where you’d like it to be in terms of profitability, check out my book, Profit First for Ecommerce Sellers. It answers important questions about how to implement Profit First in an ecommerce business. Take control of your money and your business, and put Profit First to work for you!  

You can also sign up for the Profit First for Ecommerce Sellers Online Course. As a Mastery Level, Certified Profit First Professional, I will teach you why Profit First works so well for ecommerce businesses and the particular challenges for businesses that have physical products requiring inventory management. You will learn how your behavior drives your money management habits for your business and how you can set up your business bank accounts to work with your habits. 

Check out all our ecommerce accounting and profit advising services here!