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It's time to separate work and play…business expenses

Level up your entrepreneur game by keeping your business and personal finances separate.

Was that cab I took the one where I went to that meeting across town? Was it the one I took home from the grocery store? No, wait. It was when - well, now I don't remember.

For tax purposes, and for personal sanity, it's a good idea to keep business transactions and personal ones separate. This is where you should consider maintaining a separate debit or credit account. Because when it comes time to review expenses, it's ideal to keep hair pulling to a minimum.

There are some expenses we don't want to relive, and going over the last 30 cups of coffee probably makes that category. Sure keeping one account for a while might work, but in the long run, keeping business expenses in a different account will save you from so many headaches.

Remember This: Opening up a separate account for business transactions will take the guesswork out of your payment history.

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The information in this material was obtained from various sources. We believe it to be reliable and accurate; however, we do not warrant the accuracy or reliability of the information contained herein.




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