Your Collective dashboard is where you set up your business, see what we need from you, and keep track of your bookkeeping, payroll, and taxes. Knowing where things live makes it easier to stay on top of your business month to month. Here's a quick tour.
The setup steps below are for S Corp tier members. If you're on the LLC tier, you won't see the Form 2553 or payroll steps, but the rest of the dashboard works the same way.
Your home screen
Your home screen shows the tasks waiting on you, such as documents to upload, forms to sign, or statements we need. Start with the first open task. Tasks clear on their own once they're complete.
Getting set up
When you first join, your dashboard walks you through setup in this order:
- Add your personal information, plus your spouse's information if you're married.
- Add your business information: your LLC's legal name, address, and EIN (Employer Identification Number, your business's federal tax ID).
- Upload your EIN confirmation letter from the IRS (CP575 or 147C).
- Connect your business bank account. You can open a Relay account through Collective or connect a bank you already use.
- Sign Form 2553, your S Corp election, in ink and upload it.
- Complete accounting setup.
- Complete payroll setup.
Accounting and Payroll stay locked until your Form 2553 has been submitted. For what to expect, see Finishing Your Accounting and Payroll Setup.
What's in the left menu
- Accounting: your financial reports, transactions, and reimbursements. Use Transactions to review and categorize your business activity, and Reports to see your Profit and Loss and Balance Sheet.
- Payroll: run payroll, manage your team, and find payroll documents to sign.
- Taxes: your quarterly estimated taxes and tax return progress.
- Documents: everything you've uploaded and everything we've prepared for you, like your Form 2553 and tax returns. Select Upload to add a document.
- Settings: your profile, connected bank accounts, and your membership and billing history.
Getting help
Select Help in your dashboard to ask a question at any time. You'll get an answer right away for most questions. If you need a specialist, we'll connect you with your Collective team, and they'll reply within 1 business day.
To get started, head to your home screen and open your first task.
Disclaimer: The information contained in this document is provided for informational purposes only and should not be construed as legal, financial, or tax advice.