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Feb 17, 2021 11:59 PM UTC
Question

I am a sole trader currently using a personal account for all my business transactions. Is there a simple way of splitting personal and business transactions?

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1 reply

Feb 18, 2021 2:55 AM UTC

Thanks for reaching out, userinfo78.

 

When tracking your transactions in QuickBooks Online (QBO), we don't advise mixing your business and personal accounts as this can make discrepancies to your reports.

 

But if you'd like to track both business and personal transactions in QBO, check below articles for guidance in recording this into your books:

If you have further questions, please let me know by commenting below. I'll be here to help. Have a great day.