Home Forums New here? Share your story Accounting for new business under ltd company help

  • This topic is empty.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #1000332
    jkkk77
    Member
    • Total posts: 1

    Hi all,
    I am in the process of creating a new business trading as my pty ltd company.
    I would like to keep the accounting separate but unsure if I can. Do I need to create a new Xero account or can it be under the same company.
    And do I create a new bank account completely separate to my other company?
    Thanks,

    #1223941
    Paul – FS Concierge
    Moderator
    • Total posts: 3,117

    Hi and welcome to Flying Solo.

    Ask Xero for an answer to the first question and as for the second, your Accountant will advise that it is the most cost effective way to do things as well as the most elegant and least confusing.

    Cheers
    Paul

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.