need to separate business from personal transactions

jillatay
Contributor
Contributor

I just recently started selling my artwork but our paypal account uses our balance for personal purchases.  What can be done so my bookkeeping keeps these two things separate?  Thanks in advance.  Jill

 

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1 REPLY 1

skier
Advisor
Advisor

You can have two PayPal Accounts.   One Personal and one Premier or Business Account.  This will allow you to keep your accounting separate.   Note, for the Premier or Business Account you will need another email address and a new bank account and/or credit card.   However, if you plan to be a business, the business should have it's own bank account. 

 

Regards,

 

skier

 

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