Wednesday, May 2, 2012

Small Busines Tip:

It is not recommended to mix business and personal matters, especially in the case of finances. Even sole proprietors should separate bank accounts to ensure clarity and ease of bookkeeping processes. It is recommended that all records of transactions are clear (for accounting and tax reasons). To ensure this, all finances should be kept separate. Having a separate business account also highlights any cash flow problems that may be occurring, without outside influence from separate personal income. Need assistance, contact us for help.

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