Business Savings Vs. Personal Savings?
Do I need to get a business checking/savings account? (I’m a sole proprietor) I have an ING personal account. Would it be just as beneficial for me to make a subaccount in ING for business? What are the benefits to opening up a business savings/checking account? I’m keeping my finances separate in an Excel spreadsheet FYI
You should definitely have separate business checking acct and credit card for expenses. Since you are a sole-prop, you can take your profits and do what you want with them. Your business checkbook is your business history.