Business Account?

[Half-Pint Hide-Out]

I've got kind of an odd situation. For the past 4 years, I ran a daycare with a partner in a separate location. Neither of lived in the place, so we treated it very much cut-and-dried as a business, with a business checking account and we paid for everything out of that. Since neither of us lived in the place, we never really dealt with the time-space percentage of things.
My partner left at the end of last school year and I ended up moving into the place we were using as daycare, to be my home and the daycare. I opened another business account and assumed things would work the same way that they did before. Now, I'm not so sure...it gets to be confusing when I am doing grocery shopping or supply shopping and having to switch back and forth between the two different check books. Is it in my best interest to close the business checking and just use my own personal checking for the business now? I realized I may have a bit of a mess come this tax season with trying to figure out what I can claim personally out of my own pocket for daycare and what to claim out of the daycare account. Any help with this would be greatly appreciated!!

[TomCopeland]

business checkbook?

Most providers don't have a business checkbook because of the problem you are having. It's impossible to keep business and personal expenses separate if you do child care in the home you live in. Some providers find it helpful to have a separate checkbook because you can do some organizing of your records (deposit all business income into the account, write checks for 100% business expenses). Here's an article I wrote on this:http://www.tomcopelandblog.com/2011/...checkbook.html