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Listerhill Credit Union is a nonprofit financial cooperative improving lives in our community.

If you live in Alabama, Georgia, Mississippi, Florida, or Tennessee, you are eligible to become a member. Depending on your individual eligibility, we may require membership into an approved association at no cost to you.

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Woman Managing Business

The Products You Need for Managing and Tracking Business Expenses

Learn more about the different products you can use to make tracking and managing your expenses as a business owner easier.

Editorial Note: Articles published are intended to provide general information and educational content related to personal finance, banking, and credit union services. While we strive to ensure the accuracy and reliability of the information presented, it should not be considered as financial advice and may be revised as needed.

Running a flourishing business means overseeing a constant flow of money. Luckily, though, there are products that can help you cover, manage and track your business expenses effectively and smoothly. Let’s take a look at some of them.

Business checking accounts

A designated business checking account can help a business manage and track expenses, taxes and revenue. Separate accounts also protect the business owner from losing personal assets if action is taken against the company. Business owners can use their checking accounts to deposit checks made out to their company and to cover business expenses, such as payroll or paying suppliers. Learn more about Listerhill's business checking account options.

Business savings account

A business savings account is an account designated for funds to be used in case of emergency or for future business expenses. The money in this account will grow at a greater dividend rate, but access to funds is more limited. Listerhill's Business Share Savings account accrues competitive interest and only requires $5 to open. Learn more about Listerhill's Business Share Savings account.

Business credit card

A business credit card provides small business owners with easy and unsecured access to a revolving line of credit. The business owner can use the credit to withdraw cash as necessary, cover large expenses, make purchases, fund expansion or meet monthly bill payments.

A business credit card is easier to qualify for in comparison to a business loan, but will nearly always have a higher interest rate. However, if the business owner is careful only to use the credit card when it is absolutely necessary and pays the bill before it’s due, interest will not accrue. With Listerhill's business credit card, you can get awesome perks like a low fixed rate, multiple user access, merchandise rewards and a flexible credit limit. Learn more about what you need to open a business credit card with Listerhill.

Tax software

Tracking business expenses and marking which can be deducted from a company’s tax liability can be super-challenging. Tax software designed for businesses makes this task easy. Business tax software, like H&R Block, Quickbooks, TaxAct and TaxSlayer, can track all the expenses of a business and help owners file taxes efficiently and easily.

Money management apps

Managing expenses for a small business isn’t easy. Fortunately, there’s an app for that! Money management apps like Mint, Truebill and ZohoBooks, allow businesses to track and review all their expenses in one convenient location. Chart expenses on colored graphs, categorize them for easier tax filing and link accounts for automatic syncing of expenditures and income.

Want to learn more about the business products we offer? Click here.

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Frequently Asked Questions

  • Why is it important to set up a travel notification before traveling?

    Setting up a travel notification tells Listerhill that you will be using your card overseas or in a different state. By informing us ahead of time, you’ll make sure that legitimate transactions using your credit or debit card are not blocked, so you’ll always have access to your money. 

  • Why should I sign up for eStatements over traditional paper statements?

    Unlike regular paper statements, eStatements are available instantly. There’s no chance they will get lost in the mail, and you do not need to worry about misplacing them — they’re always available online. They’re also searchable, which makes it easier to find specific transactions. In addition, eStatements save paper, making them more cost-effective and environmentally friendly.

  • Is it possible to set up card alerts and notifications using Online or Mobile Banking?

    No, while you can track card activity using Online and Mobile Banking, you currently need to use the LCU Card App to set up card alerts and notifications. This functionality will be coming soon to Listerhill’s Online and Mobile Banking services.

  • Can the LCU Card App be used for both credit cards and debit cards?

    Yes, the LCU Card App is designed to allow you to monitor and manage multiple cards, including both credit and debit cards.

  • What is the difference between Listerhill Online and Mobile Banking, and the LCU Card App?

    Listerhill Online and Mobile Banking lets you access information about your card balances and transactions (once you have added your card details). The LCU Card App also lets you track card spending, but also allows you to add notifications and alerts, enable transaction alerts, view recent and pending transactions, and instantly lock or unlock cards.