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How to separate business and personal expenses

It might seem easier to use the same account for both business and personal needs, especially when you’re just starting out or trying to manage limited funds. Maybe you use one account to receive money from your customers, pay <a href=/expense>business expenses</a>, and still settle personal bills. But over time, this mix-up makes it hard to understand your business finances, track whether you’re making a profit, or even apply for loans or grants.