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Should I have more than one bank account set up to handle vendor payments and one for payroll?

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I am starting a small deli business. I will have 3 employees to start, not including myself.
That is a personal option as to whether you want payroll to be a separate bank account. I have clients who do both. I would keep it simple and just have one bank account because it will be one less bank account to reconcile each month and one less bank charge.
Pam Newman

Written By

Pam Newman is a Certified Management Accountant, author and Certified QuickBooks ProAdvisor for Financial and Point-of-Sale software. She is also president of RPPC, Inc., which provides customized business development services.