What is my available balance?
What is my available balance?
Your HoneyBook Business Business Checking Account shows your current available balance. Deposits and debits appear in your list of account transactions:
Deposits:
Client payments
Capital loan funds
Transfers from a savings bucket (like your tax savings bucket)
Debits:
HoneyBook debit card expenses
Money transfers to external bank accounts
How do I update my HoneyBook Balance account info?
How do I update my HoneyBook Balance account info?
To update your HoneyBook Balance account info, reach out to HoneyBook's support team by clicking the Question Mark icon on any HoneyBook page.
Can team members access the HoneyBook Balance dashboard?
Can team members access the HoneyBook Balance dashboard?
Right now, only the business owner can view the HoneyBook Balance dashboard.
Will I get a 1099-NEC if I used my account to pay contractors?
Will I get a 1099-NEC if I used my account to pay contractors?
No, you will not receive a 1099-NEC if you've used your HoneyBook Balance checking account to pay any contractors. You should talk to a tax professional to determine if you need to provide your contractors with a 1099-NEC. They can also assist you with completing and submitting the form if necessary.
Still have questions? Feel free to send us a message by clicking the Question Mark icon on any HoneyBook page. Our team is always happy to help!
HoneyBook is a software company, not a bank. Banking services are provided by Lincoln Savings Bank, Member FDIC. HoneyBook Visa Debit cards are issued by Lincoln Savings Bank, Member FDIC. HoneyBook is not FDIC insured. FDIC insurance only covers the failure of an insured bank.