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Your Foundational Tool: The Checkbook

A dedicated business checkbook is the most foundational tool for a small business's recordkeeping system. The either/or dilemma is often between the convenience of commingling funds (easy now) and the Safe separation of accounts (better later).

For most small businesses, a dedicated business checkbook is a cornerstone of a simple but effective recordkeeping system. You should open a business account as soon as you start, deposit all business receipts into it, and make all payments from it. This separation from your personal accounts is Safe and critical, and the checkbook is often the main source for entries into your books.

Ready to build your bulletproof business recordkeeping system? Read more on this topic by visiting https://www.safesimplesound.com/build-your-business-recordkeeping-system/.

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DISCLAIMER: This content is for educational purposes only and should not be considered personalized financial advice. Always consult with a qualified financial professional before making financial decisions.

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