I am having trouble and a bit confused on how I should be managing and organizing my finances between my personal account and business account since they are separate now. How much should be in each savings account? How do I know how much I pay myself?
Answer by Scott Moss
First, sorry for the delay in responding to your question. Second, the smartest approach is to consult a small business banker or your accountant. My accountant is with C&G Accounting and my banker is with PNC. Both have been very helpful guiding me on best practices that take into consideration your specific situation.