Business bank statement

[ILNY]

can i ask, whats the difference between a perosnal and business bank statement?

I'd assume the only difference was that it would have the business name on the business statement where the persons name would be on a personal statement?

[terambulan]

Ur right about the names.

Business income & expenses are logged in the Business Account.

Personal income & expenses are logged in the Personal Account

[sandmaster]

The details shown on the statements are largely the same. The difference is that if you have a business the bank expects you to open a business account - which will attract bank charges. Personal accounts are generally free if conducted in credit.

[ILNY]

Thanks for the info :)