16
Jul
Jul
Once I have a separate bank account for my business, can I just add and remove money anytime I want? Sorry for the ignorance but I slept through my record-keeping class…
Answer:
If you have a small business you should have an accountant
Howver, at a minimum you should have a separate checking account and credit card for business expenses only.
In your record-keeping for the business you want to categorize the personal money as a capital contribution for your business after you make the deposit into the business account.
Jeff
www.yourwayoutcoach.com
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on Wednesday, July 16th, 2008 at 3:15 pm and is filed under Small Business.
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