Money & Finance· 3 min read
Separating business and personal money
Why a clean split makes record keeping much simpler.
Mixed accounts are the most common reason small businesses lose track of profit. A separate account, even a basic one, removes most of the guesswork at month end.
Once the split exists, a cashbook takes minutes a day instead of a weekend of reconstruction.
- One account for business income and expenses
- A fixed amount paid to yourself on a schedule
- Receipts stored per month, not per pile
General information only. Check details independently before making business or financial decisions.
