Blog – Ask the Accountant!

Q. Should I set up a business bank account?

A. We’d always advise setting up a bank account that can be solely used for business purposes.

This means that you’ll have a clear record of just what the business has spent, and what it’s received.

It’ll make things so much easier to reconcile on for example, Quickbooks, and nothing will be missed.

Compare banks, as they all charge different fees. Some of them offer promotions when you open a new account with them.