#BookkeepingTip: Separate Biz + Personal
So many business owners mix their business and personal income & expenses all in one personal account.
I get it, when you first get started there's a million things to do to get started, who wants to go open a bank account? Or maybe you accidently fell into owning a business and a bank account never crossed your mind. Or maybe you even don't consider your freelance work a business, but
HEY HEY this is your wake up call 📣
Get a separate account for your business! Run all business income and expenses out of that account.
When you need to buy something personal, use your personal account. When you want to pay yourself, move money from the business account to your personal account.
Don't tell yourself the story that keeping business and personal separate is hard. That's an excuse! #RealTalk