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Updated about 8 years ago on . Most recent reply
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Do you separate your expense reserves from your cash flow?
Hello everyone,
I'm wondering how people handle their expense reserves and cash flow. Do you keep it in the same account? Do you separate the two? Do you put the expense reserves in a checking and cash flow into a savings?
I know to keep the rental income separate from personal funds and to keep security deposits in their own savings account but how much separation is enough/too much? Or is this one of those whatever you're most comfortable with things? Is it easier to just keep it all in one account and let Quickbooks keep track of what's what?
Thanks!