Business team roles and permissions

In shortEvery team member gets one of four roles: Admin has full control, View only can look but not act, Initiate can set up a payment but not release it, and Approve can release what someone else set up. Split Initiate and Approve across two people and no payment ever leaves on one person's say-so.

Here are the four roles, plainly:

RoleWhat they can do
AdminEverything. Full control of the account.
View onlySee balances and activity. Can't move anything.
Initiate a transactionSet up and submit a payment. Can't release it alone.
Approve a transactionRelease a payment someone else initiated.

The smart move for most companies: give one person Initiate and a different person Approve. That way, every payment needs two people, the one who sets it up and the one who signs it off. Nothing leaves the account on a single person's click, whether that's a mistake or something worse. Bookkeepers and accountants usually get View only: everything visible, nothing touchable.

Admins assign and change roles anytime, so the setup grows with the team.

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