I love the simplicity of Donald Miller’s Cash Flow Made Simple method, but I wanted to find a way to implement the 5 Checking Account approach without having to actually open 5 separate checking accounts.

HelloBonsai.com offers everything a freelancer needs to manage their small business—proposals, invoices, bookkeeping, time tracking, project and task management—and it includes a free, integrated business checking account with virtual envelopes.

Here’s how to set it up.