Introducing Support for Multiple Businesses

Many business owners decide to launch additional businesses after the success of their first, building a portfolio of related ventures. However, managing finances across these businesses can quickly become messy, especially when juggling multiple bank accounts and software tools.

Today, we’re excited to make it easier to do this all in one place. You can now create a unique Found account for up to five different business entities, each with its own checking account, tax tools and financial reporting—all accessible from a single login.

Keep finances separate for clean books and taxes

Whether you already have a Found account for one business or you’re signing up for the first time, easily create up to five different accounts for different business entities.

Each of these businesses will have its own checking account with all of the built-in tools to manage taxes, bookkeeping, invoicing, and more.

This ensures that you’re separately tracking income and expenses for different businesses, monitoring a Profit & Loss statement for each, and ultimately preparing to file taxes for each business entity on its own.

Note: This is intended to be used for businesses with distinct ownership entities (e.g. two different LLCs, a sole prop and an LLC, an LLC and an S-Corp). If you're managing multiple sole proprietorships make sure to use our Revenue Streams feature instead.

Toggle between multiple businesses with a single login

Once logged into your account, you can easily switch between each business with a few taps.

On the switcher in your account settings, you can see the total balance in each checking account and then select a business to switch to that account.

Tip: Need to move funds between businesses? You can transfer funds between your Found accounts instantly and for free using a Found-to-Found payment. 

Organize finances within each business using Revenue Streams

Do you want to track different business units or revenue streams within the same business? 

The Revenue Streams feature is a great way to track profitability at a more granular level within a single business. 

You can create Pockets associated with that Revenue Stream to allocate cash and make purchases for it specifically. For instance, a photography business called Spotlight Photography can create different Pockets for its two primary revenue streams: “Photoshoots“ and “Consulting Services”. 

Learn more: How do I track multiple revenue streams for my business?

As the business earns income from photoshoots, the owner can transfer those funds to the “Photoshoots” Pocket and then use a corresponding virtual card linked to that Pocket to make related business expenses (e.g. a new camera or gas to travel on-site).  

In Reports, they can then filter by the “Photoshoots” Revenue Stream to understand profitability for that particular part of their business.