If you’re running a business, chances are bookkeeping isn’t your favorite task—but ignoring it can cost you time, money, and even potential growth opportunities.
One of the biggest mistakes small business owners make? Mixing personal and business expenses.
When you use your personal bank account or credit card for business transactions (or vice versa), things get messy fast. It makes tax season a nightmare, increases the risk of missing deductions, and creates inaccurate financial reports that can lead to poor business decisions.
How to Fix It:
✅ Open a dedicated business bank account – Even if you’re a solopreneur, this is a game-changer.
✅ Get a separate business credit card – Helps build business credit and keeps expenses organized.
✅ Use accounting software – QuickBooks Online, Xero, or Wave can automate expense tracking.
✅ Reimburse yourself properly – If you must pay a business expense personally, record it as a reimbursement, not just another transaction.
Keeping business and personal finances separate is the first step to clean books, better financial insights, and stress-free tax prep.
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