Organization is really important when it comes to banking and bookkeeping. Putting all your funds in just one account can get confusing quickly. You should always make sure that money for each business expense like rent, and it is available right when you need it. To make that happen, you have to save money in many different categories. There’s a great way to accomplish this, and that’s by creating sub-accounts under your main bank account.

What is a Sub Account?

Your main bank account is often called your primary account, while a sub-account is an “account within an account.” It’s possible to make it so only particular people have access to this account, or that it’s only used for specific purposes. Sub-accounts can hold funds, just like a primary account.

It’s possible to have more than one sub-account. Creating multiple sub-accounts for different purposes is one of the best ways to stay on top of all your expenses.

Who offers sub-accounts?

Most banks typically offer sub-accounts, including NorthOne. When selecting a bank for your business, it’s important to ask if they offer this useful feature. Check out these tips for leveraging sub-accounts for your business budget.

How are sub-accounts used?

Your bank can help you create as many sub accounts as you need to organize and budget your money. Sub-accounts are a great way for small business owners to separate funds for different expenses so you’re ready to make payments on time.

Examples of sub-accounts

Sub-accounts are often used to make sure money is on hand for necessities like:

  • Rent
  • Taxes
  • Emergencies
  • Payroll
  • Insurance premiums

Personal sub-accounts

Organization of funds is one of the great benefits of sub-accounts. Besides being used for the examples above, they can be set up for individuals within the company. This is a great way to keep expenses separate.

Business sub-accounts

Creating sub-accounts for your business is a great way to stay organized and efficient. At NorthOne, our Envelopes help you budget for the important things for your business automatically. By setting up custom rules, you can set aside a part of all incoming funds into your designated Envelopes so you’re always prepared when the bills come rolling in.


Using sub-accounts helps you keep your money organized. After looking at your budget, create as many as you need to stay on top of your expenses. This system helps keep you on top of your budget, making sure you are ready when any need arises!