Bookkeeping Tip #1

Bookkeeping Tip #1

Bookkeeping Tip #1

Joe Cavell - January 26, 2026

A basic rule of bookkeeping

Only business money should go in and out of your business bank and credit card accounts—never personal spending.
Even if you’re self-employed or a freelancer, it’s best to keep separate bank and credit card accounts just for your business. When you keep personal purchases out of your business accounts, your bookkeeping becomes much easier, faster, and more accurate because there are fewer transactions to sort and reconcile.

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