Introduction Running your own business is one of the most rewarding journeys you can take. But let’s be real: the admin work can be a minefield—especially when it comes to money. One of the most common (and fixable) mistakes we see? Mixing personal and business expenses.
Why This Matters More Than You Think
- Tax Time Clarity: A clean separation means easier deductions and less stress come April.
- Legal Protection: If your business is an LLC or corporation, blending finances can jeopardize your liability protection.
- Professionalism and Growth: Want to look legit to clients, investors, or lenders? Keep your finances tidy.
What Gets Mixed (and How to Spot It)
- Using one credit card for everything
- Transferring funds between accounts without documentation
- Reimbursing yourself inconsistently
How to Set the Boundary
- Open a dedicated business banking account
- Use dedicated business cards for all your business purchasing (like Zena!)
- Track reimbursements properly
Tips for Keeping it Clean Long-Term
- Set a recurring time each month to review your business expenses and ensure all transactions are properly categorized and justified.
- Connect your spending sources (like your Zena card) to your accounting systems (like QuickBooks online).
Common Roadblocks and How to Handle Them
- Starting from scratch? That’s actually the perfect time to build healthy financial habits. Clean systems are much easier to set up early than to untangle later.
- Using a single account for both personal and business expenses? That’s a common starting point, but it can create confusion fast. If that's your situation, consider opening a separate business account to establish clear boundaries. Many online banks offer fast, free setup—and doing this now will save you serious headaches down the line.
Conclusion You don’t need to be a finance pro to keep your personal and business spending separate. It just takes intention, a few good habits, and the right tools. Zena is here to help.
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