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For clear banking records it helps to have a separate bank account just for your business dealings. All business transactions should go through this account. You might also consider opening a savings account for your future tax payments.
Keep all the following banking records:
You must keep these records for seven years from the year that they were created.
If you are storing records on a computer and/or using electronic banking services, you must continue to keep all relevant paper records (eg, bank statements). Also take care to keep adequate back-up copies of your important electronic records (additional disk copies or print-outs).
Clearly identify any money you withdraw from your business account for personal use. Label it as "personal drawings".
Clearly identify any money you introduce to the business from your own personal funds. Label it as "personal funds introduced".