内容由Lisa Turner提供。所有播客内容(包括剧集、图形和播客描述)均由 Lisa Turner 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal
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Money Moves: Your Essential Bank Accounts

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Manage episode 373090096 series 3351301
内容由Lisa Turner提供。所有播客内容(包括剧集、图形和播客描述)均由 Lisa Turner 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

In this episode, we will be discussing a topic that is often overlooked but crucial for the success of your business: bank accounts. Many business owners make the mistake of not having the right bank accounts in place, which can lead to confusion, mistakes and missed opportunities.

So, let's dive into the world of bank accounts and explore what you need to know to set up the essentials.
The first and most important rule when it comes to bank accounts for your business is to have a separate business bank account. Mixing personal and business transactions in the same account can lead to a host of problems, including difficulties in tracking income and expenses, potential legal issues and a lack of clarity in your financial records.
Even if you are a sole trader and not legally required to have a separate business bank account, I highly recommend you do so. By keeping your personal and business finances separate, you can streamline your bookkeeping process, avoid confusion and ensure that you have a clear picture of your business's financial health.
While you can get away with having just one or two main business bank accounts, there are a bunch of other types that can really benefit your business. I take you through the six different options that will ensure you have funds set aside for each of your obligations, such as:

  • Savings Account
  • GST Account
  • Tax account
  • Expenses Account
  • Wages Account
  • Profit Account

I share some ideas around what type of funds you can put into each account and why, as well as which areas of your business they will benefit.
While having multiple accounts can provide clarity and organisation, it can add a tiny bit of extra admin - that’s why it's important not to overwhelm yourself with unnecessary complexity. I encourage you to evaluate your specific needs and goals, and determine which accounts are essential for your business.
Remember, just like with everything in business, there’s no one-size-fits-all. As long as you’re complying with your obligations, the way you structure your processes is your decision.
So go find out what works for you, and run with it!

LINKS

Resources mentioned: FREE New Business Checklist

Connect with Lisa Turner:

Instagram: @accountedforyou

Website: https://accountedforyou.com.au/

Join us in the Accounted For You Numbers Club on Facebook here

Join my Numbers List for small business news and fun, helpful tips here

Download the New Biz Checklist here

Download the FREE P&L Generator here

Check out my blog here!

  continue reading

84集单集

icon分享
 
Manage episode 373090096 series 3351301
内容由Lisa Turner提供。所有播客内容(包括剧集、图形和播客描述)均由 Lisa Turner 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

In this episode, we will be discussing a topic that is often overlooked but crucial for the success of your business: bank accounts. Many business owners make the mistake of not having the right bank accounts in place, which can lead to confusion, mistakes and missed opportunities.

So, let's dive into the world of bank accounts and explore what you need to know to set up the essentials.
The first and most important rule when it comes to bank accounts for your business is to have a separate business bank account. Mixing personal and business transactions in the same account can lead to a host of problems, including difficulties in tracking income and expenses, potential legal issues and a lack of clarity in your financial records.
Even if you are a sole trader and not legally required to have a separate business bank account, I highly recommend you do so. By keeping your personal and business finances separate, you can streamline your bookkeeping process, avoid confusion and ensure that you have a clear picture of your business's financial health.
While you can get away with having just one or two main business bank accounts, there are a bunch of other types that can really benefit your business. I take you through the six different options that will ensure you have funds set aside for each of your obligations, such as:

  • Savings Account
  • GST Account
  • Tax account
  • Expenses Account
  • Wages Account
  • Profit Account

I share some ideas around what type of funds you can put into each account and why, as well as which areas of your business they will benefit.
While having multiple accounts can provide clarity and organisation, it can add a tiny bit of extra admin - that’s why it's important not to overwhelm yourself with unnecessary complexity. I encourage you to evaluate your specific needs and goals, and determine which accounts are essential for your business.
Remember, just like with everything in business, there’s no one-size-fits-all. As long as you’re complying with your obligations, the way you structure your processes is your decision.
So go find out what works for you, and run with it!

LINKS

Resources mentioned: FREE New Business Checklist

Connect with Lisa Turner:

Instagram: @accountedforyou

Website: https://accountedforyou.com.au/

Join us in the Accounted For You Numbers Club on Facebook here

Join my Numbers List for small business news and fun, helpful tips here

Download the New Biz Checklist here

Download the FREE P&L Generator here

Check out my blog here!

  continue reading

84集单集

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