![]() You’ve got paper expenses, postal expenses, printing expenses, office cleaning costs and satellite radio expenses. It can be tempting to create very specific account types for every little variation of an expense. Having dedicated business bank and credit card accounts is proven to make your bookkeeping 5.7 times easier (on the “Kelsey Barber EZ-PZ scale”) than if you mix in personal transactions. This will allow you to ensure that no transactions are missed and you won’t have to spend hours combing over bank statements pulling out the personal transactions. Keep your business and personal transactions separate by opening dedicated business bank and credit card accounts. Ok, so our first tip isn’t just for Xero users, but it is so important that we wanted to include it here. ![]() Get Dedicated Business Bank and Credit Card Accounts
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