Allow your personal service company to create any and all necessary invoices, calculates all information and either deposits the funds into your personal bank account (if you allow them to), or will create a payslip for you. People usually get into trouble because they view their credit card as their personal bank account where they may have thousands of dollars sitting unused, in reality, a credit card is just an unsecured loan that must be paid back and is not unlimited in resources. What if this was my personal bank account (applies both to income and outlays).
You can put money into it from your personal bank account (capital), but no money ever leaves it that is not related to business expenses. What simplest–setting up shop as a sole proprietor, operating on a cash basis, using your personal bank account instead of a separate business account for your business, and failing to track and document expenses using appropriate business accounting software–can hazardous to your financial future .
software to locate and do dormant bank account search can be much helpfully.
