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advice needed regarding bank a/c setup for sole trader

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  • 20-10-2011 1:26pm
    #1
    Swampy
    Registered Users Posts: 2,104 ✭✭✭


    Hi all,

    Just looking for you feeling on the following. I have registered as a sole trader and will have two websites under two seperate business names registered. Normally I would use a trading as account for one of the business names but with two i'm wondering as to what would be the best approach. Make two trading as accounts?

    Should I register a third business name and just use that as my trading account and have all cheques made out to that for both?

    Thanks.


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    #2
    ssbob
    Registered Users Posts: 2,736 ✭✭✭ssbob


    Swampy wrote: »
    Hi all,

    Just looking for you feeling on the following. I have registered as a sole trader and will have two websites under two seperate business names registered. Normally I would use a trading as account for one of the business names but with two i'm wondering as to what would be the best approach. Make two trading as accounts?

    Should I register a third business name and just use that as my trading account and have all cheques made out to that for both?

    Thanks.

    I would keep them seperate if possible for ease of book keeping unless there was going to be a very small amount of transactions.


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