Questions & AnswersSole trader using two bank accounts
thepalv asked 6 years ago

Sole trader using two bank accounts – Free Online Small Business Accounting Software Questions & Answers

I am a sole trader and have a business current account.  Sometimes I make purchases with money from my personal current account.  As a sole trader I know it is all the same money so it doesn’t matter, but here is my query for Bullet:  when adding a new Bill or Money Out I have to specify which bank account it was paid from.  At the end of the month I import a CSV and do my bank reconciliation but I have only done this so far for the business bank account.  How can I do a bank rec for my personal bank account if there are items on the statement that do not relate to the business?  Or is it necessary to do a bank rec for those items at all?