Pallo allows for an infinite number of businesses to be added to a single account.
A business can be an:
- S-Corp
- C-Corp
- Partnership
- Sole-Proprietorship
- Unincorporated; just use Pallo as a way to visualise your money better for a gig or venture of yours.
You can find out more on how to register a business here.
Pallo works best for 3 or less businesses. This is because our reconciliation screen has 4 sides, 1 is usually for personal finances. leaving 3 sides for 3 businesses. See the reconciliation screen below, along with a bit of information here on how to reconcile your transactions.
Each business can have multiple bank accounts attached to it. You can find out more on how to add a bank account here. And more on how to add a bank account to a business here.
You can also decide not attach a bank account to a business at all and just use the business for: cash transactions, mileage tracking, time tracking and sending invoices.