More Features
Split Payments
Automatically distribute payments across various accounts (e.g., main bank account, tax savings, retirement, etc.).
Orchestra's split payments feature allows contractors to automatically distribute their incoming payments into multiple accounts. This could include a primary bank account for daily expenses, a tax savings account to set aside money for future tax payments, a retirement fund, or a specific savings account (e.g., for holidays or emergency funds). The contractor can define the allocation percentages or amounts beforehand, ensuring financial goals are met effortlessly.
Contractors can better manage their finances by automating the allocation of funds towards taxes, savings, and retirement, reducing the risk of overspending and ensuring they’re prepared for future obligations.