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As soon as you register your business you should open a separate bank account
for the business.
Personal money and business money
Do not pay for business expenses from your personal accounts.
Also, withdraw your personal expenses regularly from the business accounts.
Do not withdraw more money for your personal use than your company as able to
generate in profit.
The profit of your company is your salary.
Transactions through bank.
If possible, make all your transactions through your bank. It makes your
financial administration easy.
- Go to next
business issue: Accountant
- About banking and finance in New Zeeland
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Copyright © 2009 Dynamic Business Plan 05-02-2012
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