
Effective social media strategy to boost online presence
15/07/2024
MassiveHoster: one of the best budget hosting providers at the moment
25/07/2024Distinguishing between personal and professional finances is necessary to properly start a business. The ideal situation is to have a professional bank account to facilitate business management. Having a separate personal and professional account allows for distinguishing between personal and business transactions. A professional bank account offers the possibility of receiving support from a professional account manager capable of handling your issues.
This is indeed unavoidable to enjoy certain services, such as an electronic payment terminal (TPE) that is exclusively for professionals. The same applies to subscribing to certain privileges like a professional bank card, a dedicated application… Here, we will see, among other things, the importance and benefits of a professional account, for whom it is a requirement, the ideal time to open one, and how banks like Qonto manage to provide solutions tailored to the needs of freelancers and companies…
Give your business an optimal financial start
The Importance of Professional Accounts
The professional account or current account, beyond separating professional and commercial operations from those carried out as an individual, will group together all commercial operations conducted by its owner. This is why it is indispensable for certain professions. Moreover, opening one is a mandatory step by law if one’s turnover exceeds €10,000 for 2 consecutive calendar years. It is even mandatory when creating a SAS, EURL, SARL… to make the deposit of share capital. However, sole proprietorships or auto-entrepreneurs can choose not to have one if they do not exceed the turnover of €10,000.
A professional account allows for naming representatives and co-holders different from a personal account. It is important to know that representatives and co-holders can be distinct between private account and professional account. Furthermore, the best time to open a professional account is during the early stages of a business. This provides a solid foundation, even in the context of a sole proprietorship. Additionally, in this way, one can be more at ease and not experience disruption when exceeding the threshold of the turnover indicated by law.

Pro Account with Qonto for Freelancers and Businesses
The bank Qonto is a perfect example of this. It, like many others, is a relevant solution for freelancers and businesses with several people (micro-enterprises, EURL, SASU, SAS, SARL…). Qonto is an online bank accessible on the web, but also via mobile applications. This type of financial management service offers multiple features such as free instant transfers. More advanced options can also be cited such as invoicing software, or multiple accounts with dedicated IBANs.
Furthermore, the reconciliation of invoices to match received supplier invoices with purchase orders or delivery notes is highly effective for certain activities. One can also mention accessibility (24/7 for online pro accounts), or the ability to access a dashboard that provides an overall view of one’s activity. This type of service makes using a professional account very practical for freelancers or businesses. Of course, all of this varies according to the plan and the chosen agency.
The Benefits of Using a Pro Account
A personal account should therefore not be used for a company or any other business exceeding the turnover of €10,000 for 2 consecutive calendar years. But why open one if you are sure you will stay below that threshold?

To Subscribe to Specific Insurances
One can access professional insurances via a pro bank account, which can be crucial for certain activities. This is particularly true for insurances for business trips, theft, damage to computer equipment, fraudulent use of the bank card, illnesses, death, accidents… One can obtain these through banks like Qonto as well as through many others offering this type of insurance with their bank card.
To Separate Personal Operations from Professional Ones
A professional account will allow for differentiating expenses and cash inflows from those of personal accounts. The account owner can then clearly define a line between their personal expenses and business receipts. The risk of confusion and errors will thus be minimal during bookkeeping. More importantly, this is the best way to avoid issues for those who are subject to administrative tax audits.
To Have a More Convenient Business Card
A business card will provide better protection for professional activities due to included insurances. Additionally, it offers other indispensable advantages such as management of spending limits/payments, regardless of location, making transfers and withdrawals, and configuring the card to your liking…
To Enjoy Various Services Dedicated to Professionals
Apart from everything mentioned earlier, a professional account allows for the aggregation of accounts at a single application level to have a comprehensive overview. One can also obtain tools for accounting, specialized advisors for professionals…
Benefit from our expertise to secure your growth