Separate PayPal account?

rninja

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Hi,
Has anyone on here set-up a separate PayPal account for their online earning?

Just wondering, as the transactions could become mixed with personal stuff.
 

Rs20033

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Hi,
Has anyone on here set-up a separate PayPal account for their online earning?

Just wondering, as the transactions could become mixed with personal stuff.
Actually I have. Well I had one already that I wasn’t using, so I’m using that. I’m going to withdraw at the end of each month so it’s easier for my self assessment.
 
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Jon

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Hi,
Has anyone on here set-up a separate PayPal account for their online earning?

Just wondering, as the transactions could become mixed with personal stuff.
I haven’t but from memory I did consider it at some point in the past

Is there a reason you want to do this? Is it for reporting?
 

rninja

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In case I need to do self-assessment for this tax year. Lack of time to be trawling through PayPal transactions.
 

Rs20033

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I have the separate PayPal account, and a credit card just for business expenses. I don’t have a separate bank account though. So all I have to look at is my invoices, my paypal and my credit card payments.
 

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