Bookkeeping problem.

[JJy2k]

Just wondering if anyone has a solution to my problem.
I am in the process of starting a small online business, buying & selling.
When I sell somthing, the payment will go instantly into my PayPal account. But when I purchase new stock, I pay for that out of my personal bank account. I am only keeping the most basic records required but I cant see how to show this clearly.
Would a seperate business account help?
Any advice much appreciated thanks :)
I

[anniebird]

Yes it would. It is always advisable to keep personal and business transactions separate.

[missspeedy23]

You should really have a business account ideally - it's much easier to track payments/interest etc.

You can show your Paypal account as a business account too as long as it's for business only, then you can just show the payments into Paypal then transferred into your business account.