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Updated over 5 years ago on . Most recent reply

User Stats

19
Posts
4
Votes
Chris Roush
  • Kansas City, MO
4
Votes |
19
Posts

Automate LLC Owner Withdrawls

Chris Roush
  • Kansas City, MO
Posted

Hello everyone, I am new to managing business accounts and bought 2 properties this year. I transferred ownership of the properties to my LLC, so now the income goes directly to the business checking account. I would like to setup automatic transfer between the business account and my checking to cover the mortgages in my name.

Is there accounting software that allows me to do this? The bank institutions are different between business and personal, so all the tools available via online banking are very manual processes to transfer between institutions. Before visiting the bank and setting up automatic ACH/Wires, I wanted to explore the possibility of cheaper alternatives. I could just write myself checks every month, but that sounds annoying!

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