{"id":2705,"date":"2018-07-12T15:28:08","date_gmt":"2018-07-12T12:28:08","guid":{"rendered":"https:\/\/www.lending-express.com\/blog\/?p=2705"},"modified":"2021-08-22T20:47:40","modified_gmt":"2021-08-22T17:47:40","slug":"5-pro-tips-for-separating-your-personal-business-finances","status":"publish","type":"post","link":"https:\/\/www.become.co\/blog\/5-pro-tips-for-separating-your-personal-business-finances\/","title":{"rendered":"5 Pro Tips For Separating Your Personal &#038; Business Finances"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Why is it important to separate your business &amp; personal accounts?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you\u2019re a first-time business owner, you\u2019ll soon realize, if you haven\u2019t already, that there\u2019s a lot of information to take in, there are the dos and the don&#8217;ts and advice being thrown at you from every direction. Here\u2019s a piece of advice that you should heed from the get-go &#8211; when it comes to your businesses finances, it\u2019s crucial that you keep them well away from your personal finances. \u2018Why is it important to separate personal and business finances?\u2019 you ask&#8230; keeping them separated will not only make it crystal clear what\u2019s going in and out of your business and greatly help you to measure business progress (or lack of), it&#8217;s also useful and comes alone with a whole host of benefits&#8230;<\/span><\/p>\n<p><b>Benefits of separating personal and business expenses:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Professionalism <\/b><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">&#8211; having a business account is important for your professional image, people will take you and your business far more seriously.<\/span><\/span><\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Tax benefits<\/b><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"> &#8211; yes, please! You don\u2019t want to be missing out on any tax deductions including writing off business expenses. Make sure to keep records of what\u2019s being spent where so you can claim those deductions and avoid the enormous headache that tax audits can cause if everything isn\u2019t in tip-top shape.<\/span><\/span><\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Increase business credit score<\/b><span style=\"font-weight: 400;\"> &#8211; having a stronger credit score will help to increase your borrowing power and secure larger business loans. This may be the last thing on your mind right now, but you never know when you may need that helping hand or even a <a href=\"https:\/\/www.become.co\/blog\/business-line-of-credit-what-is-it-how-to-apply\/\" target=\"_blank\" rel=\"noopener noreferrer\">line of credit <\/a><\/span><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">as a safety net to draw from in a time of need. If your business and personal finances are all muddled up, potential business lenders won\u2019t look twice at you.<\/span><\/span><\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Protect your personal assets<\/b><span style=\"font-weight: 400;\"> &#8211; mingling your business finances with your personal finances can put your personal assets at risk of seizure should your company ever find itself in a lawsuit (which we certainly hope it doesn\u2019t &#8211; don\u2019t let it come to me). <\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">How to separate your finances:<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Now that you know why it\u2019s so important to have good financial hygiene, it\u2019s time to pull your finger out and raise a barrier between you and your business. Don\u2019t fret, it is far easier than you may think. By now you\u2019re probably wondering \u2018how\u2019 exactly. Entrepreneurs and business owners alike now\u2019s the time to take notes. Here we give you some top tips on how to separate business and personal income to make this process as smooth and easy as possible for you:<\/span><\/p>\n<h3><span style=\"font-weight: 400;\"><strong>Tip 1:<\/strong> Create a business account<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The first thing you\u2019ll need to do is create a business bank account. Really, it\u2019s that simple. Having a separate business account will make that crucial divide between your personal and professional life allowing you to differentiate your business expenses. If the IRS (for those in the US) or Australian Taxation Office (for those down under) ever come knocking at your door, questioning the legitimacy of your business, you\u2019ll have your separate business account to back your claims. <\/span><\/p>\n<h3><span style=\"font-weight: 400;\"><strong>Tip 2:<\/strong> Get a business credit card<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It\u2019s all well and good creating a separate business account, but if you\u2019re still popping your business expenses on a personal credit card then you\u2019re defeating the object. Make sure that you isolate your company expenses onto a dedicated business credit card. There are many benefits of business credit cards, including, having the ability to increase your business credit score. Now, you may or may not already know this but, you will have a completely separate business credit score (one that differs from your personal credit score, that is) for all of your commercial operations. This is something extremely important for a business owner to build up and work on. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Building up your business credit score is fundamental if you want to take out <\/span><a href=\"http:\/\/www.become.co\/business-loans\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">business loans<\/span><\/a><span style=\"font-weight: 400;\"> of any sort, as it will prove to potential future lenders that you are financially responsible. There are many credit cards out there offering 0% APR for the first 12-15 months that you can utilize when starting up a business.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Where to get a business credit card:<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If you\u2019re looking for a credit card of this kind, be sure to do your research and <\/span><a href=\"https:\/\/www.become.co\/lending-mon\/credit-com.php?fico=[fico]&amp;business_number_of_months=[business_number_of_months]&amp;offer_ID=[offer_ID]\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">compare credit card offers<\/span><\/a><span style=\"font-weight: 400;\"> on a reputable website.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Benefits &amp; Disadvantages of Business Credit Cards<\/span><\/h2>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">It\u2019s important to weigh up the benefits and disadvantages of business credit cards before diving in to get one. Here we\u2019ve summarized a few for you:<\/span><\/p>\n<div style=\"overflow-x: auto; text-align: left;\">\n<table class=\" aligncenter\" style=\"border-collapse: collapse; border-spacing: 0; border: 0; table-layout: fixed; width: 610px;\">\n<colgroup>\n<col style=\"width: 289px;\">\n<col style=\"width: 321px;\"><\/colgroup>\n<tbody>\n<tr>\n<th style=\"font-family: Arial, sans-serif; font-size: 16px; font-weight: bold; padding: 10px 5px; overflow: hidden; word-break: normal; color: #ffffff; background-color: #113e59; text-align: center; vertical-align: top; border: 1px solid #ffffff;\">Benefits<\/th>\n<th style=\"font-family: Arial, sans-serif; font-size: 16px; font-weight: bold; padding: 10px 5px; overflow: hidden; word-break: normal; color: #ffffff; background-color: #113e59; text-align: center; vertical-align: top; border: 1px solid #ffffff;\">Disadvantages<\/th>\n<\/tr>\n<tr>\n<td style=\"font-family: Arial, sans-serif; font-size: 16px; padding: 10px 5px; overflow: hidden; word-break: normal; color: #000000; background-color: #ffffff; font-weight: bold; text-align: center; vertical-align: top; border: 1px solid #ffffff;\">Easy to qualify<br \/>\n<span style=\"font-weight: bold; font-style: italic;\"> &#8211; co<\/span><span style=\"font-style: italic;\">mpared to bank loans and lines<\/span><span style=\"font-weight: bold; font-style: italic;\"> of credit<\/span><\/td>\n<td style=\"font-family: Arial, sans-serif; font-size: 16px; padding: 10px 5px; overflow: hidden; word-break: normal; color: #90b586; background-color: #ffffff; font-weight: bold; text-align: center; vertical-align: top; border: 1px solid #ffffff;\">Hidden costs<br \/>\n<span style=\"font-style: italic;\"> &#8211; late or missed payment fees &amp; fees for exceeding credit limit and annual fees (always check T&amp;Cs) <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"font-family: Arial, sans-serif; font-size: 16px; padding: 10px 5px; overflow: hidden; word-break: normal; color: #000000; background-color: #e6edf1; font-weight: bold; text-align: center; vertical-align: top; border: 1px solid #ffffff;\">Borrow for free<br \/>\n<span style=\"font-style: italic;\">&#8211; some credit cards offer 0% interest<\/span><\/td>\n<td style=\"font-family: Arial, sans-serif; font-size: 16px; padding: 10px 5px; overflow: hidden; word-break: normal; color: #90b586; background-color: #e6edf1; font-weight: bold; text-align: center; vertical-align: top; border: 1px solid #ffffff;\">Less purchase protection<br \/>\n(<span style=\"font-style: italic;\">than personal credit cards)<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"font-family: Arial, sans-serif; font-size: 16px; padding: 10px 5px; overflow: hidden; word-break: normal; color: #000000; background-color: #ffffff; font-weight: bold; text-align: center; vertical-align: top; border: 1px solid #ffffff;\">Incentives<br \/>\n<span style=\"font-style: italic;\">&#8211; cashback, loyalty points and air miles<\/span><\/td>\n<td style=\"font-family: Arial, sans-serif; font-size: 16px; padding: 10px 5px; overflow: hidden; word-break: normal; color: #90b586; background-color: #ffffff; font-weight: bold; text-align: center; vertical-align: top; border: 1px solid #ffffff;\">Security issues<br \/>\n<span style=\"font-style: italic;\"> &#8211; employees can take advantage of business credit cards if not carefully monitored<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"font-family: Arial, sans-serif; font-size: 16px; padding: 10px 5px; overflow: hidden; word-break: normal; color: #000000; background-color: #e6edf1; font-weight: bold; text-align: center; vertical-align: top; border: 1px solid #ffffff;\">Build credit<br \/>\n<span style=\"font-style: italic;\">&#8211; helps to build business credit and help when you apply for a loan in future<\/span><\/td>\n<td style=\"font-family: Arial, sans-serif; font-size: 16px; padding: 10px 5px; overflow: hidden; word-break: normal; color: #90b586; background-color: #e6edf1; font-weight: bold; text-align: center; vertical-align: top; border: 1px solid #ffffff;\">Personal credit issues<br \/>\n<span style=\"font-style: italic;\">&#8211; personal guarantee often required, bad if you become liable for late\/over-extended credit. <\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h3 style=\"text-align: left;\"><span style=\"font-weight: 400;\"><strong>Tip 3:<\/strong> How to separate your finances if they&#8217;re mixed together <\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If you&#8217;re banging your head against the table thinking, \u2018I wish I knew this when I started out\u2019, don\u2019t worry, you can still untangle the mess. If all of your personal and business finances are cosey with one another in the same account we recommend the following:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Download your years\u2019 worth of bank statements <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Display the numbers in an Excel file or clear formatting document<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Go through the statements marking personal and business transactions grouping them together<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Get your accountant to make adjustments to your tax return and bookkeeping file <\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">It may take a little bit of time to sift through all of your transactions, but it is totally worth it in the end. The sooner you do it, the easier it\u2019ll be. So get to and you can thank us later! <\/span><\/p>\n<h3><span style=\"font-weight: 400;\"><strong>Tip 4:<\/strong> Separate your receipts<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Now that you\u2019ve (hopefully) separated your mixed finances, it\u2019s time to continue on with this good practice. For all future transactions, make sure to separate your receipts and more importantly, don\u2019t throw them away. Get yourself an old-school folder and divide it up into months making sure to have one folder for your personal receipts and one for business. This discipline will be sure to save yourself down the line as your company grows. <\/span><\/p>\n<h3><span style=\"font-weight: 400;\"><strong>Tip 5:<\/strong> Know the difference between personal and business expense<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Any expenditure that you can legally write off, should definitely be a high priority to be written off come tax time. If you use your mobile for both personal and business needs does that make it tax deductible? If 30% of your time on the phone is spent on business then you could actually deduct 30% of your phone bill. What about cars? You can see where we\u2019re going with this. How many other expenditures could you be saving money on? <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you aren\u2019t sure of what can and can\u2019t be written off grab your tax advisor (if you don\u2019t have one, you should) and make good use of them to figure out what\u2019s deductible and how to best keep track of things. <\/span><\/p>\n<h6><b><i>Disclaimer: The information contained in this article is provided for informational purposes only, should not be construed as legal advice on any subject matter and should not be relied upon as such. The author accepts no responsibility for any consequences whatsoever arising from the use of such information.<\/i><\/b><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>Why is it important to separate your business &amp; personal accounts? If you\u2019re a first-time business owner, you\u2019ll soon realize, if you haven\u2019t already, that there\u2019s a lot of information to take in, there are the dos and the don&#8217;ts and advice being thrown at you from every direction. Here\u2019s a piece of advice that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2707,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,114,1,12],"tags":[155,37,34,36,35],"class_list":["post-2705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aus-resources","category-small-business-wisdom","category-uncategorized","category-us-resources","tag-bank-balance","tag-business-account","tag-business-credit-cards","tag-business-finance","tag-credit-card"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>5 Pro Tips For Separating Your Personal &amp; Business Finances - Business Funding Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.become.co\/blog\/5-pro-tips-for-separating-your-personal-business-finances\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Pro Tips For Separating Your Personal &amp; Business Finances - Business Funding Blog\" \/>\n<meta property=\"og:description\" content=\"Why is it important to separate your business &amp; personal accounts? If you\u2019re a first-time business owner, you\u2019ll soon realize, if you haven\u2019t already, that there\u2019s a lot of information to take in, there are the dos and the don&#8217;ts and advice being thrown at you from every direction. Here\u2019s a piece of advice that [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.become.co\/blog\/5-pro-tips-for-separating-your-personal-business-finances\/\" \/>\n<meta property=\"og:site_name\" content=\"Business Funding Blog\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-12T12:28:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-22T17:47:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2018\/07\/iStock-801340876.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1255\" \/>\n\t<meta property=\"og:image:height\" content=\"836\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Become\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Become\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/5-pro-tips-for-separating-your-personal-business-finances\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/5-pro-tips-for-separating-your-personal-business-finances\\\/\"},\"author\":{\"name\":\"Become\",\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/#\\\/schema\\\/person\\\/813104bb9784ace7d518254945f76ccf\"},\"headline\":\"5 Pro Tips For Separating Your Personal &#038; Business Finances\",\"datePublished\":\"2018-07-12T12:28:08+00:00\",\"dateModified\":\"2021-08-22T17:47:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/5-pro-tips-for-separating-your-personal-business-finances\\\/\"},\"wordCount\":1306,\"publisher\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/5-pro-tips-for-separating-your-personal-business-finances\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/d2y0x0ts101nr7.cloudfront.net\\\/2018\\\/07\\\/iStock-801340876.jpg\",\"keywords\":[\"Bank Balance\",\"business account\",\"business credit cards\",\"business finance\",\"credit card\"],\"articleSection\":{\"0\":\"AUS Resources\",\"1\":\"Small Business Wisdom\",\"3\":\"US Resources\"},\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/5-pro-tips-for-separating-your-personal-business-finances\\\/\",\"url\":\"https:\\\/\\\/www.become.co\\\/blog\\\/5-pro-tips-for-separating-your-personal-business-finances\\\/\",\"name\":\"5 Pro Tips For Separating Your Personal & Business Finances - Business Funding Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/5-pro-tips-for-separating-your-personal-business-finances\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/5-pro-tips-for-separating-your-personal-business-finances\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/d2y0x0ts101nr7.cloudfront.net\\\/2018\\\/07\\\/iStock-801340876.jpg\",\"datePublished\":\"2018-07-12T12:28:08+00:00\",\"dateModified\":\"2021-08-22T17:47:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/5-pro-tips-for-separating-your-personal-business-finances\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.become.co\\\/blog\\\/5-pro-tips-for-separating-your-personal-business-finances\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/5-pro-tips-for-separating-your-personal-business-finances\\\/#primaryimage\",\"url\":\"https:\\\/\\\/d2y0x0ts101nr7.cloudfront.net\\\/2018\\\/07\\\/iStock-801340876.jpg\",\"contentUrl\":\"https:\\\/\\\/d2y0x0ts101nr7.cloudfront.net\\\/2018\\\/07\\\/iStock-801340876.jpg\",\"width\":1255,\"height\":836,\"caption\":\"Steps with Two Choices\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/5-pro-tips-for-separating-your-personal-business-finances\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.become.co\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"5 Pro Tips For Separating Your Personal &#038; Business Finances\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.become.co\\\/blog\\\/\",\"name\":\"Become - Powering Small Business Funding\",\"description\":\"Become - Powering Small Business Growth &amp; Funding\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/#organization\"},\"alternateName\":\"Become\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.become.co\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/#organization\",\"name\":\"Become\",\"url\":\"https:\\\/\\\/www.become.co\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.become.co\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/become-logo.png\",\"contentUrl\":\"https:\\\/\\\/www.become.co\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/become-logo.png\",\"width\":521,\"height\":97,\"caption\":\"Become\"},\"image\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/#\\\/schema\\\/person\\\/813104bb9784ace7d518254945f76ccf\",\"name\":\"Become\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fe7f651e825010ea56157701c4621218ea2afee5a0650ba96e61ae728e20e667?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fe7f651e825010ea56157701c4621218ea2afee5a0650ba96e61ae728e20e667?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fe7f651e825010ea56157701c4621218ea2afee5a0650ba96e61ae728e20e667?s=96&d=mm&r=g\",\"caption\":\"Become\"},\"url\":\"https:\\\/\\\/www.become.co\\\/blog\\\/author\\\/algoseller\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"5 Pro Tips For Separating Your Personal & Business Finances - Business Funding Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.become.co\/blog\/5-pro-tips-for-separating-your-personal-business-finances\/","og_locale":"en_US","og_type":"article","og_title":"5 Pro Tips For Separating Your Personal & Business Finances - Business Funding Blog","og_description":"Why is it important to separate your business &amp; personal accounts? If you\u2019re a first-time business owner, you\u2019ll soon realize, if you haven\u2019t already, that there\u2019s a lot of information to take in, there are the dos and the don&#8217;ts and advice being thrown at you from every direction. Here\u2019s a piece of advice that [&hellip;]","og_url":"https:\/\/www.become.co\/blog\/5-pro-tips-for-separating-your-personal-business-finances\/","og_site_name":"Business Funding Blog","article_published_time":"2018-07-12T12:28:08+00:00","article_modified_time":"2021-08-22T17:47:40+00:00","og_image":[{"width":1255,"height":836,"url":"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2018\/07\/iStock-801340876.jpg","type":"image\/jpeg"}],"author":"Become","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Become","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.become.co\/blog\/5-pro-tips-for-separating-your-personal-business-finances\/#article","isPartOf":{"@id":"https:\/\/www.become.co\/blog\/5-pro-tips-for-separating-your-personal-business-finances\/"},"author":{"name":"Become","@id":"https:\/\/www.become.co\/blog\/#\/schema\/person\/813104bb9784ace7d518254945f76ccf"},"headline":"5 Pro Tips For Separating Your Personal &#038; Business Finances","datePublished":"2018-07-12T12:28:08+00:00","dateModified":"2021-08-22T17:47:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.become.co\/blog\/5-pro-tips-for-separating-your-personal-business-finances\/"},"wordCount":1306,"publisher":{"@id":"https:\/\/www.become.co\/blog\/#organization"},"image":{"@id":"https:\/\/www.become.co\/blog\/5-pro-tips-for-separating-your-personal-business-finances\/#primaryimage"},"thumbnailUrl":"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2018\/07\/iStock-801340876.jpg","keywords":["Bank Balance","business account","business credit cards","business finance","credit card"],"articleSection":{"0":"AUS Resources","1":"Small Business Wisdom","3":"US Resources"},"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.become.co\/blog\/5-pro-tips-for-separating-your-personal-business-finances\/","url":"https:\/\/www.become.co\/blog\/5-pro-tips-for-separating-your-personal-business-finances\/","name":"5 Pro Tips For Separating Your Personal & Business Finances - Business Funding Blog","isPartOf":{"@id":"https:\/\/www.become.co\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.become.co\/blog\/5-pro-tips-for-separating-your-personal-business-finances\/#primaryimage"},"image":{"@id":"https:\/\/www.become.co\/blog\/5-pro-tips-for-separating-your-personal-business-finances\/#primaryimage"},"thumbnailUrl":"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2018\/07\/iStock-801340876.jpg","datePublished":"2018-07-12T12:28:08+00:00","dateModified":"2021-08-22T17:47:40+00:00","breadcrumb":{"@id":"https:\/\/www.become.co\/blog\/5-pro-tips-for-separating-your-personal-business-finances\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.become.co\/blog\/5-pro-tips-for-separating-your-personal-business-finances\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.become.co\/blog\/5-pro-tips-for-separating-your-personal-business-finances\/#primaryimage","url":"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2018\/07\/iStock-801340876.jpg","contentUrl":"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2018\/07\/iStock-801340876.jpg","width":1255,"height":836,"caption":"Steps with Two Choices"},{"@type":"BreadcrumbList","@id":"https:\/\/www.become.co\/blog\/5-pro-tips-for-separating-your-personal-business-finances\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.become.co\/blog\/"},{"@type":"ListItem","position":2,"name":"5 Pro Tips For Separating Your Personal &#038; Business Finances"}]},{"@type":"WebSite","@id":"https:\/\/www.become.co\/blog\/#website","url":"https:\/\/www.become.co\/blog\/","name":"Become - Powering Small Business Funding","description":"Become - Powering Small Business Growth &amp; Funding","publisher":{"@id":"https:\/\/www.become.co\/blog\/#organization"},"alternateName":"Become","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.become.co\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.become.co\/blog\/#organization","name":"Become","url":"https:\/\/www.become.co\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.become.co\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2024\/05\/become-logo.png","contentUrl":"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2024\/05\/become-logo.png","width":521,"height":97,"caption":"Become"},"image":{"@id":"https:\/\/www.become.co\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.become.co\/blog\/#\/schema\/person\/813104bb9784ace7d518254945f76ccf","name":"Become","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/fe7f651e825010ea56157701c4621218ea2afee5a0650ba96e61ae728e20e667?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/fe7f651e825010ea56157701c4621218ea2afee5a0650ba96e61ae728e20e667?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fe7f651e825010ea56157701c4621218ea2afee5a0650ba96e61ae728e20e667?s=96&d=mm&r=g","caption":"Become"},"url":"https:\/\/www.become.co\/blog\/author\/algoseller\/"}]}},"_links":{"self":[{"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/posts\/2705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/comments?post=2705"}],"version-history":[{"count":0,"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/posts\/2705\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/media\/2707"}],"wp:attachment":[{"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/media?parent=2705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/categories?post=2705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/tags?post=2705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}