Business bank statement

ILNY | 02:08 Wed 13th Aug 2008 | Business & Finance

3 Answers

can i ask, whats the difference between a perosnal and business bank statement?

I'd assume the only difference was that it would have the business name on the business statement where the persons name would be on a personal statement?

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terambulan

Ur right about the names.

Business income & expenses are logged in the Business Account.

Personal income & expenses are logged in the Personal Account

sandmaster

The details shown on the statements are largely the same. The difference is that if you have a business the bank expects you to open a business account - which will attract bank charges. Personal accounts are generally free if conducted in credit.

ILNY

Question Author

Thanks for the info :)

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