Ask YC: What Bank account and accounting software are LLC startups using?

What kind of bank account? Something from Chase? (http://www.37signals.com/svn/posts/753-ask-37signals-how-do-you-process-credit-cards)

For the accounting software, something from Quicken, a simple spreadsheet? Something homegrown? Nothing at all?

Washington Mutual for Bank, Quickbooks for Accounting

For the least hassle, PayPal's got a few options for payment. PayPal IPN can handle monthly subscriptions, and the service charges are not bad. You need to be diligent about moving the money out of the account, and about handling customer service problems.

Quickbooks is the default, but you can just keep a shoebox for your records and give it to your accountant every so often. You need a finance pro anyway, and if you don't have a founder who is an expert, outsource. You can't afford to screw that up.

For my consulting business I had Bank of America Small Business account and used Quickbooks a little bit, but mostly did ad hoc accounting.

I use freshbooks for all of my invoicing etc. I couldn't be more happier with it. They will even post your invoices, estimates etc. You can also take payment for your invoices online with them.

I use spreadsheets for working out cash flow etc