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  • Writer's pictureSara Moores

How to keep your business and personal finances apart.

  • 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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