With Relay’s new Onboarding Checklist, you can now create accounts in batches. We’re offering customers the option to create accounts following three different pre-filled formats, plus a customizable option. The three formats include Profit First, Departments, and Projects. You can read more about these options below to help you decide which is right for you!
Profit First
Select the Profit First template if you would like to automatically create the five accounts Profit First suggests having. With this template, you’ll get the following accounts:
- Operating Expenses (this is the account your default card will be connected to)
- Income
- Owner’s Comp
- Profit
- Taxes
Profit and Taxes will automatically be created as a Savings Account which means you’ll earn 1-3% APY on the total value kept in these two accounts. To learn more about our Savings Accounts please see: How Relay’s Savings Accounts Work
Departments
Select the Departments template if you would like to organize cash and spending by team. We’ll auto-generate accounts based on the most common departments that require cash management. With this option, you’ll get:
- Operations (this is the account your default card will be connected to)
- Finance
- IT
- Marketing
- Sales
- HR
You can rename the accounts to something more applicable to your business if these departments do not apply.
Projects
The Project template is a great option if you prefer to organize cash, cards, and spending by project. With this template, you’ll get:
- Project 1 (this is the account your default card will be connected to)
- Project 2
- Project 3
When you complete a project can rename these checking accounts for new projects you’ll be starting. For more information on how to rename a checking account please see: Adding and Editing Checking Accounts
How to batch-create accounts
To create checking accounts in batches please follow the instructions below:
- Navigate to the Onboarding Checklist
- Click “Get Started” next to “Create an account”
- Click Get Started
- Pick one of three temples (Profit First, Departments or Projects) or select custom to start from scratch. Edit account names, add more accounts or remove any accounts you won’t need.
- Click Create Accounts.
- Click the X in the top right-hand corner to return to the checklist.
FAQ
Can I batch-create accounts if I don’t have the onboarding checklist?
- At this time the ability to create new accounts in batches is only available to new users that go through the onboarding checklist
Can I batch-create accounts more than once?
- Once you have created your first batch of accounts you cannot create another batch of new accounts for the same business.
I want to reorder the accounts I created, can I do that?
- Yes, to reorder your checking accounts please navigate to the Accounts tab.
Can I change the account my default card is connected to?
- You cannot change the account your card is connected to. However, you can issue up to 50 Relay cards for free. If you would like a card connected to a specific account please see: How to Create a Relay Card. If you have no use for the default card you can terminate it following the instructions in: How to Terminate a Relay Card.