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Old 02-24-2009, 02:55 PM  
tical
Confirmed User
 
Join Date: Feb 2002
Location: Las Vegas
Posts: 6,504
best way would be to have 2 separate check cards that you use

pay yourself from the business and use that money for personal things

if you work at home, figure out the square footage of your work area and get the % of that from the total square footage of your house - lets say 15% for example

then when its time to pay for utilities, cut 2 checks to pay the bill - 1 personal (85%) and 1 business (15%)

it is sort of a pain in the ass because sometimes you want access to money that you know you have but haven't yet paid yourself with...

sometimes i slip up and use my business card for personal things... at the end of the year your accountant will be able to handle all of that for you... its all the same money since you are the only one employed by the business - just "different pockets" really
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