Who should have access to my business bank account?

Who should have access to my business bank account?

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My bookkeeper has requested access to my business bank account. Is this standard procedure or should I be concerned?

This is a very personal question.  I would always proceed with caution when deciding on who can access your bank account. Does your accountant need access to your bank account?

We build caution into software packages like My Business Online, which has an accountant’s zone that allows you to provide levels of access, depending on your comfort zone.

You should always be able to set parameters, such as allowing your accountant to see your bank account but not make transactions on it.

Steven Cohen
As head of Sage One for AAMEA, Steven Cohen is overseeing the growth and development of Sage’s cloud-based accounting and payroll solutions in Africa, Australia, the Middle East and Asia. Before taking his current post, Cohen dedicated his 25-year career to Sage Pastel, the innovative business software company he founded with partners Ivan Epstein and Alan Osrin in 1989. During this time, Steven has held several management positions in the company, including financial director, chief operating officer, and managing director. He has played a central role in the company's growth from a start-up to a part of the JSE-listed Softline Group, right up to its present incarnation as part of Sage plc, a FTSE 100 company. A charted accountant by qualification, Steven has driven Sage Pastel's approach to keeping accounting at the cutting edge of technology and turning accounting software into a business management tool. Now, he will apply his skills and experience to Sage AAMEA’s strategically important and rapidly growing cloud business.