Our perspective
Business operating accounts
A framework for discussing day-to-day commitments, payment responsibilities and access to information.
Operations
Understand the flow of commitments.
Receipts and expenditure do not always occur at the same time. A discussion about an operating account should reflect the cycle of the business and periods of increased demand.
Authority
Make access deliberate.
Authority to view information and authority to issue instructions serve different purposes. Any future arrangement would need to distinguish those responsibilities and document how they are reviewed.
Records
Keep an understandable account.
A clear description and a consistent record of instructions support discussion between a business and its advisers. These pages do not establish an operating account or an application route.