Loading…
11
My accountant friend just told me to stop mixing business and personal accounts
We were grabbing coffee and she flat out said, 'You're making your own tax season a nightmare.' I'd been using one checking account for everything for two years. Has anyone else made this switch and actually felt less stressed?
3 comments
Log in to join the discussion
Log In3 Comments
thomasm417mo ago
My buddy ran his freelance work through his personal account for a year. Come tax time, he spent a whole weekend just sorting through coffee and grocery purchases to find his business expenses. He opened a separate account the next week and said it cut his prep time in half.
4
xena_thomas917mo ago
My first year freelancing I had over 300 transactions to sort through. I almost cried trying to remember which lunch was a client meeting and which was just me being lazy. A separate business debit card was the best twenty bucks I ever spent.
10