SMALL BUSINESS ACCOUNTING - Keeping Personal Expenses Separate From Business Expenses

We often encounter people who mix up their personal expenses with their small business accounts. This increases the time it takes to complete the accounting, which in turn increases the accounting cost.

The best way to keep these expenses separate is to use different bank accounts or credit cards, and also know what expenses you can claim for your business e.g. Entertainment, Home Office, motor vehicle etc.

If you need assistance with this don't hesitate to  contact us.