Separate business/personal accounts?

[David Love]

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Also a good place to store sales tax revenue and money for estimated tax
payments. =20

=20

David Love
davidlovepianos@comcast.net=20

-----Original Message-----
From: pianotech-bounces@ptg.org [mailto:pianotech-bounces@ptg.org] On =
Behalf
Of william ballard
Sent: Tuesday, January 03, 2006 5:50 PM
To: Pianotech
Subject: Re: Separate business/personal accounts?

=20

=20

On Jan 3, 2006, at 2:14 PM, Andrew and Rebeca Anderson wrote:

Co-mingling is what the tax-"services" call it.  Opening a second =
account in
the same bank usually works well.  Sometimes they allow you to make
electronic draws to your personal account but using a cheque is better =
for
record-keeping.

=20

Let's not overlook having separate business checking and savings =
accounts,
so that when you get a deposit on labor yet to be performed or invoices =
for
materials yet to arrive, that deposit can sit in the savings account and =
not
get dissolved in the daily ebb&flow flow in the checking account.

=20

Bill Ballard RPT

NH Chapter, P.T.G.

=20

"I go, two plus like, three is pretty much totally five. Whatever"

    ...........The new math

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