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What to do before you withdraw all funds from business bank account

• Write down or consider business expenses for the following month & make sure you do not withdraw that amount
• Consider company taxes & make sure you do not withdraw that amount
• Consider the company’s Direct Debits & make sure you do not withdraw that amount
• Consider the company’s Loan Repayments & make sure you do not withdraw that amount
 
This is the basics of budgeting and trusting that the company’s bank account is fully capable of meeting the business’ expenses. Allowing the company to pay for its own bills is important; that’s how you separate business and personal affairs

Author

Fungayi Mukosera