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Keep Your Personal and Business Expenses Separate

Diane Kennedy's picture

Well, it’s back to school and back to work time. And for many of us that means that it’s time to start cleaning out all the receipts we have stuck all over the car, purse, wallet, pockets, whatever handy spot you have.

In a perfect world, you will always pay for business expenses with a business check or a business credit card. And you’ll always for your personal expenses with a personal check, cash or a personal credit card. Most of us, though, get caught sometimes seeing something we need and not having the right card with us. And, yes, I’m a CPA, you’d think I would know better.

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