a) Bank Account



If you don’t already have a bank account for your business, then you should open one.

It is a good idea to keep your business finances and personal finances separate. However, consider your situation. You don’t necessarily have to open an official business account. Research the pros and cons. Sometimes an officially named business account product will cost you more in banking fees.

A personal tip is to open a regular banking account, but use it only for business purposes…that’s the course of action that worked best in my case. However, each situation is different.

Next Tracking income and expenses

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