Accounting would be a lot easier if checking accounts had sub-accounts.
Many people have a hard time keeping track of expenses. For somebody who pays a lot of bills, the hardest thing is keeping track of all the different categories of expenses.
Wouldn't it be great if banks offered a checking account that let you define sub-accounts for each of the most common categories? You could define categories such as:
Payroll
Utilities
Insurance
Office Supplies
Advertising
Taxes
Inventory
Professional Services
Maintenance / Repairs
etc..
They could issue checkbooks with each sub-account number pre-printed, or give you a box to fill out on the check. Then, when you get your statement, it could automatically summarize your expenses by category. Having your statement al
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Continue...Checking Accounts... With Sub-Accounts...
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