I swore one bank account was fine for freelancing, now I'm splitting things up

For years, I tossed all my project pay into the same account as my rent money. A messy audit last month showed me how dumb that was, so I set up a separate one just for gig cash. How do you handle your money flow to keep things clean?

3 comments

3 Comments

jamesc7916h ago

Split your accounts to dodge audit nightmares.

the_jordan11h ago

I always figured one checking account was fine until my bookkeeper saw last year's mess. Your point about separating business and personal spending is what finally got me organized. It made tax season way less stressful.

brooke4489h ago

But what if you're just a freelancer with a few clients? Use one account and tag expenses in an app. The IRS won't come for coffee buys mixed with invoices. Unless you're moving serious money, it feels like overkill. My cousin did her taxes with one account and was fine. Just keep your receipts organized.