When it comes to your home business, it is important to keep business accounts and personal finances separate. This means that you should have a separate account for your business income and expenses and for your personal finances. This means that you will need to add another step to your cash flow. Even if you do not have a business set up (like an LLC), but are using a sole proprietorship, it is a good idea to keep things separate.

Here’s how your extra step will work. Instead of depositing your money from your home business income directly into your personal account, you will put it into a separate business account. Then you will write a check from the business account to yourself for deposit into the personal account.

Be warned: Most banks do not allow same-day withdrawal. This means that once you put the money in your business account, you will likely have to wait a day before you can write a check for your personal account. Then, your funds may not be available for another day after that. So, it is important to plan ahead with your cash flow needs.