Business banking for consultant freelancers

s a consultant, it’s your job to help other businesses become more successful. To do that, you need to have your own financial house in order. Novo can help by providing a business banking solution for consultant freelancers that lets you spend less time managing your business finances and more time focused on your customers.

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Keep your favorite tools

There’s no need to change how you currently do business. Novo integrates with all of your existing tools, including FreshBooks, Xero, and Stripe. You can handle all of the tedious financial details from one platform. You only have to enter an expense once, and it’s automatically synced in all of your other relevant platforms.

This synchronization eliminates repetitive work and errors associated with manually entering all of your transactions on multiple platforms. Your financial statements and records are all consistent and up-to-date, so tax preparation will be a breeze.  

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Learn from your money

Novo’s automatic categorization and real-time insights help you understand where your money is going and how it’s working for you. You’ll stay updated with transactions as they occur so you can monitor your account balance and avoid any surprises. Understand your spending patterns, financial health, cash flow, and make informed decisions to take your business to the next level.

Freelancers often have unpredictable cash flow patterns. When you understand your finances, you can manage them more effectively. Spot and identify any cash flow gaps early or take advantage of a revenue increase to invest in growth opportunities. By closely following your expenses, you can rest assured you won’t be caught short.

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Set and achieve your goals

Hustle and grind is a way of life for independent contractors. Even when your calendar is full, it’s your nature to take on more work. Taking a break to do some strategic planning can help you keep the big picture in mind and steer your business where you want it to go.

Whether you want to expand by hiring more help or publish self-paced consulting courses, Novo can help you achieve your goals. Novo Reserve lets you earmark funds for specific purposes. You can save money to invest in your business without negatively affecting your daily business operations.

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Manage your business from one dashboard

Novo is designed for businesses like yours. You can pay your vendors directly and create personalized, branded invoices. Easily bill your clients, collect payments, and categorize, all from the same platform. You can even automate payment reminders so you’ll always get paid on time.

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Enjoy the features without the fees

The best part of Novo’s business checking account is that the majority of its features are free. There’s no minimum required to open an account, and you don’t need to maintain a minimum balance. Forget worrying about maintenance fees, overdraft fees, or standard ACH fees.

Novo’s user-friendly mobile app lets you manage your banking needs from anywhere. You don’t have to take time away from clients to check your balances, make transfers, or deposit checks. You’re always on the go, so you can take Novo with you.

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Novo Platform Inc. strives to provide accurate information but cannot guarantee that this content is correct, complete, or up-to-date. This page is for informational purposes only and is not financial or legal advice nor an endorsement of any third-party products or services. All products and services are presented without warranty. Novo Platform Inc. does not provide any financial or legal advice, and you should consult your own financial, legal, or tax advisors.

Novo is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A.: Member FDIC.