Stop commingling! No matter how new or small your business is, you will save yourself many headaches by keeping your personal and business income and expenses separated by different checking accounts and credit cards. This is especially important if you have a day job and a business on the side. This takes the guesswork out of wondering what credit card charges are business-related. For your business checking account, you can loan funds from personal checking account to get you started and as income comes in you put all business-related sales income into that account. For business purchases (office supplies, marketing, etc) use only your designated business credit card. Then you download all your business expenses and track them by category. I just started using Wesabe and you can tag expenses similar to how you use account names in Quickbooks.

4 responses to “Keep ‘Em Separated”
Biotin side Effects :
October 27th, 2010 at 17:40
checking accounts are very convenient for business transactions that is why i have it`,.
Led Spots ยท
November 13th, 2010 at 10:24
when doing business transactions, checking accounts are really needed for faster transactions ;`~
Leon Murray
January 24th, 2011 at 16:36
;-, I am really thankful to this topic because it really gives up to date information ~,,
Gastritis Symptoms
February 6th, 2011 at 13:03
*,; that seems to be a great topic, i really love it ,’.