Commingling business and personal funds is one of the most common mistakes business owners make, especially for a sole prop when they’re just starting out. What is commingling? A commingled account is typically a bank or credit card account that used for more than one business or even used for both business and personal transactions.
This video will explain why it's bad to commingle your accounts and show you how to easily unravel your transactions using Xero accounting software.

For help with your ecommerce accounting needs, book a free consultation with sales here: https://acuity.co/ecommerceaccountin...

Timestamps:
0:54: Why Not Comingle?
3:36: Do this for “Business A”
10:38: Do this for “Business B”

✔Helpful Resources

What to learn more about commingling accounts? Check out these videos:    • 10 (Bonus) Handling Commingled Accounts   and    • Accounting for Amazon Sellers  Part ...  

New to Acuity Ecommerce Accounting? Well, let me tell you a little bit about us. We’re here to make ecommerce businesses better.

Acuity Ecommerce Accounting was cofounded by Patti Scharf (CPA).

At Acuity, we specialize in providing accounting and online bookkeeping services tailormade for ecommerce entrepreneurs. With a team of dedicated experts, we've become the trusted financial backbone for over 2,000 entrepreneurs.

We empower you to scale your business efficiently, make more informed business decisions, and free up valuable hours in your week.

To level up your ecommerce accounting, contact us here: https://acuity.co/ecommerceaccountin...


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