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Separate bank account?

Poll Results: How many of you have a separate bank account for your cakes (either as a business or hobby)?

 
  • 76% (16)
    Yes, I have a separate account
  • 23% (5)
    No, I don't have a separate account (send me a note on how you do it!)
21 Total Votes  
post #1 of 5
Thread Starter 
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!
"When you go in search of honey you must expect to be stung by bees." Kenneth Kaunda
i.e. Don't give up!
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"When you go in search of honey you must expect to be stung by bees." Kenneth Kaunda
i.e. Don't give up!
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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.
"To solve any problem, here are three questions to ask yourself: First, what could I do? Second, what could I read? And third, who could I ask? ~ John Rohn"
"Action is the foundational key to all success. ~ Pablo Picasso"
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"To solve any problem, here are three questions to ask yourself: First, what could I do? Second, what could I read? And third, who could I ask? ~ John Rohn"
"Action is the foundational key to all success. ~ Pablo Picasso"
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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....
I didn't choose cake decorating.......cake decorating chose me!
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I didn't choose cake decorating.......cake decorating chose me!
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post #4 of 5
Just curious to see what software y'all use to manage your business beside Microsoft Money and Quickbooks.
Best Regards,

Pamela I. Ramirez
www.cakes.busylittlebee.net
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Best Regards,

Pamela I. Ramirez
www.cakes.busylittlebee.net
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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.
To do what you truly love is to never work!
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To do what you truly love is to never work!
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