A sole trader's first year: why separating accounts changed everything
A one-person carpentry business opened a dedicated business account in its first year and halved the time spent on bookkeeping.
50%
Less time spent on bookkeeping
3 d
Time to open the account
The challenge
All income and expenses ran through one personal account, making Self Assessment a multi-week task every January.
Our solution
Mosey opened a business current account with Xero integration from day one, splitting personal and business money cleanly.
“Separating the accounts felt like overkill until tax season came round and I realised how much time it saved.”
Dan Walker
Owner, Dan's Carpentry