![]() ![]() ![]() ![]() They have to be entered into the bookkeeping system and coded to drawings, taking up precious time that the bookkeeper could just spend entering business data. … And they will have to be processed if they are mixed up with the business transactions. ![]() It’s even worse if you are outsourcing and paying a bookkeeper to process your accounts with these personal expenses mixed in… Processing transactions for your personal expenses within the bookkeeping of your business is a waste of precious time. Keep Business and Personal Banking SeparateĪll new business owners must make it a priority to open a new bank account for their business, preferably an account with online access, to keep business funds separate from personal funds.
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