Suppose that you have been operating a marketing business out of your home. It has recently expanded beyond belief. Since you have neglected your personal finances for some time, what would you do as a first step?

Question

Quizplus · Accepted Answer

Separating personal finances from business finances is crucial to maintain accurate records and to avoid any legal or tax issues. It will also help to identify the business's financial performance separately from personal finances. Additionally, it will help to determine the profitability of the business and the need for growth, without including personal expenses in the calculations.

Suppose That You Have Been Operating a Marketing Business Out