However, many business owners do not know this when they start their business and learn to operate by combining personal and business accounts.That’s not necessarily bad, though it is best to keep business and personal accounts completely separate. When you need cash for personal expenses, you might pay for these expenses straight out of your business accounts.For example, you may simply keep most of your cash in your business accounts rather than moving money around.
There are a number of reasons why you may have personal expenses as part of your business books. Why Personal Expenses Get Run Through A Business
