Separate Bank Account?

Business By APCakes Updated 27 May 2005 , 2:26pm by KayDay

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APCakes Posted 18 May 2005 , 5:51pm
post #1 of 5

Hi - do any of you have separate bank accounts for your cake stuff, just to keep all the profits/losses straight? If not, how do you keep track for tax purposes? I'm trying to decide. Thanks!

4 replies
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m0use Posted 18 May 2005 , 6:26pm
post #2 of 5

I don't have a separate account. But I do have Microsoft Money and it keeps track of my spending for me. I created a category along with subcatergories just for my cake stuff.

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lastingmoments Posted 23 May 2005 , 7:02am
post #3 of 5

I do .........but thats for my own benefit...Im always quick to spend money and if its seperate theres a clear line for me. Many times If I make money for a job I want to spend double of supplies, pans ,books, gadgets, etc........ that way when my husbands says something( not like he minds but still) I can be like that was with my cake money).
It helps me save for larger purchases also....

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piramirez Posted 26 May 2005 , 7:52pm
post #4 of 5

Just curious to see what software y'all use to manage your business beside Microsoft Money and Quickbooks.

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KayDay Posted 27 May 2005 , 2:26pm
post #5 of 5

Hubby is an accountant but I try to keep this stuff straight myself so I have to have a separate account.

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