If you’re like most small business owners, you probably wear a lot of different hats. You are the CEO, the marketing department, the sales team, and the accountant. It can be tough to keep track of everything when your business is just starting out. One of the most important things to get organized early on is your finances. This is especially true if you’ve just applied for the same day loan. And when it comes to getting organized as early as possible, separating your personal and business finances is necessary. But how do you properly separate your personal and business finances? Keep reading, as we’ve highlighted some clever tricks to help you do that.
Open a Small Business Bank Account
This is the most obvious way to separate your personal and business finances. With a dedicated business bank account, it’s much easier to track expenses and income. Plus, it will give you a better idea of where your money is going each month. And if you ever need to apply for a business loan, having a separate bank account is a must. Another benefit of having a dedicated business bank account is that it can help you build business credit. …