The speed, simplicity & mobility of Xero means Solopreneur’s can elect to do their own bookkeeping while they still have the time.
Here are my 4 rules for Solopreneurs to live by while doing their own bookkeeping:
1. Keep business and personal separate
I can’t stress this enough. If you’re already combining them then PLEASE begin separating them now by having one bank account for business income / expenses & keeping anything personal out of it. Be strict with this. If I use a business account for a personal expense I literally log in and transfer the money back to the business so it’s a non-event.