Bookkeeping Tip of the Week

Another mistake I see business owners make, is mixing personal and business expenses in the same bank account.

It might seem harmless in the moment ("I'll just remember what's what") but when tax season hits, it's a headache - it could even cause problems with the IRS (and no one wants that!)

Keep a dedicated business bank account

Use a business debit/credit card for all expenses

Pay yourself by transferring to your personal account

It's a simple habit that can save hours of stress later!

Do you keep your accounts separate, or is this an area you're still working on?