InvoiceBerry Tips for for Freelancers & Small Businesses The 6 Worst Small Business Accounting Mistakes | Page 4

1. Business is personal
When you are a small business owner, it’s a big mistake to have
your business and personal finances mixed up:
• it will lead to horrible accounting practices
• you can get into tax authority problems
• you won’t be able to accurately track expenses
Do yourself a favor and stop mixing those two types of
purchases. You should have separate bank account for each
and never mix the two.