Maintain Separate accounts Having separate accounts makes it easier to see how much finances are available for business and personal use and use the correct card while purchasing items.
Keep your receipts separate The receipts from both business and personal transactions should be kept in separate files
Pay yourself a salary Pay yourself regularly based on the earnings of the business instead of taking out.
Track Shared expenses Do you have a Home office or when a vehicle for used both the business and personal errands? It is important to allocate how much was used when doing a particular task.
Have a bookkeeper work with you in your business. It can be difficult to implement the above as it is time-consuming and it takes your attention off doing what you love! Why not contact Diamond Bookkeeping Ltd to help your business grow
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