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A business should be seen as a separate entity from its owners. This has always been a hard nut to crack for many growing businesses.
Thus, personal transactions are often conflicted with that of the business resulting in the misuse of business funds for personal interests.
Always keeping your personal and business finances separate will make a clear distinction between business and personal activities which in turn helps the business to grow in the long run.
Written by:
Henry Quartey
Baker Tilly Andah +Andah
Source: Glitz Africa Magazine issue 19
