Still Using Your Personal Bank Account for Business?

Why it’s time to separate the two—even if you’re a sole proprietor.

The Weekly Ledger

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The Weekly Ledger |

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It’s one of the first things we recommend to new business owners: Open a dedicated bank account for your business.

If you’re a sole proprietor, it might feel unnecessary—after all, you are the business, right?

Not exactly.

When you use your personal account for business income and expenses, things get messy fast:

• Transactions blur together, making bookkeeping and tax prep harder

• You’re more likely to miss deductions or misreport income

• It’s nearly impossible to understand your business’s actual cash flow

• If you’re an LLC, you could weaken your legal protections

On the other hand, separating your finances helps you stay organized, track performance, and present a more professional image. It also makes syncing with tools like QuickBooks Online much smoother.

The good news? Opening a business account is usually quick and inexpensive. And once you do, we can help you connect it to your bookkeeping software and structure your finances properly from the start.

No matter how small your business is, this one step makes a big difference. If you’re ready to clean up your financial foundation, we’re here to help.