Business Expense Tracking That Keeps Personal Spending Apart
Each business gets its own name, color and set of accounts. Transactions from those accounts are sorted into categories automatically, from a side hustle to a full company.
Market data sources
It’s Hard to Tell Business Money From Personal Money
In WealthNX, business expense tracking works by account. You create a business and assign its accounts to it. Net worth, cash flow and transaction views then show personal money on its own, or one business at a time.
What the WealthNX Business View Shows
Personal and business, apart
Accounts assigned to a business stay out of your personal views.
One business or several
Each business has its own name, color and count of assigned accounts.
Three views, filtered by business
Net worth, cash flow and transactions can each show one business on its own.
Reassign an account
An account can be reassigned to another business or returned to personal.
Side hustle or full company
The same setup works for a freelance gig, a shop or a registered company.
WealthNX never moves money
WealthNX does not initiate transfers or payments through connected accounts.
Why Business Expense Tracking Needs Its Own View
When business and personal accounts show together, neither total is easy to read on its own.
Without separate views
- Business account balances can affect the total shown in your personal view
- Business purchases inflate household spending
- Two businesses blur into one set of numbers
With WealthNX
- The personal view counts only accounts marked as personal
- Household cash flow leaves business accounts out
- Each business keeps its own accounts and totals
Who Is the WealthNX Business View For?
Different people run businesses for different reasons.
Side hustlers and freelancers
A gig gets its own profile, so you can separate side hustle money from personal money without a second app.
Owners of one or more businesses
Each company shows its own accounts, colors and totals, so business spending analysis covers one company at a time.
Investors
Personal account balances show apart from the accounts assigned to a business.
Households
Family spending reflects family money in the cash flow tracker.
Questions About Business and Personal Money? Ask Wealth Genie
Wealth Genie can answer general questions about business and personal finances without requiring connected account data. Once accounts are assigned to a business, it answers from your own numbers too.
- How do people usually keep business and personal money apart?
- What is my net worth without my business accounts?
- How much came into my business accounts last month?
- Which of my businesses spent more this quarter?
Questions About Separating Business Money
What does the Business feature in WealthNX help me track?
The Business feature in WealthNX helps freelancers and small business owners review their financial activity using available filters. You can narrow down transactions to look at relevant income, expenses and payments over different periods, making it easier to understand your cash flow. This can be useful when reviewing business-related costs, checking incoming payments or gathering information for financial planning. WealthNX provides these insights alongside your personal finances, so you can review your financial information in one app.
How does WealthNX help freelancers track irregular business income?
The Business feature in WealthNX helps freelancers and self-employed professionals keep track of income that changes from month to month. By reviewing incoming payments recorded in their connected accounts, users can see how much money they've received during different periods and better understand their income pattern. This makes it easier to compare busier months with quieter ones and see how their earnings change over time. Having this information in one place can also help freelancers plan for upcoming expenses and prepare for periods when work may be slower.
Does the Business feature in WealthNX work if I run my business through my personal bank account?
WealthNX can help you track business expenses and payments even if you use your personal bank account for both business and everyday spending. You can identify and tag business-related transactions to keep them separate from personal expenses, making it easier to review your business financial activity. This is particularly useful for freelancers and small business owners who don't have a dedicated business account. While you may need to review and organize some transactions manually, you can still get a clearer picture of your business finances without opening a separate account just to use the feature.
Can WealthNX show me a business cash flow summary for a specific period?
Yes, WealthNX lets you review your business income and expenses over a selected period through its business cash flow view. You can look at transactions identified as business-related to understand how much money came in, how much went out and whether your business cash flow was positive or negative. Comparing different periods can also help you notice patterns, such as months with higher expenses or lower incoming payments. This gives you a clearer understanding of your business finances and helps you plan for upcoming expenses.
Is WealthNX suitable for small business owners who also manage personal finances?
Yes. WealthNX is useful for small business owners who want to keep track of both their personal and business finances in one app. You can connect supported personal and business accounts, review your household spending, savings and net worth, and keep your business income and expenses organized separately. This makes it easier to understand your personal financial position while also keeping an eye on your business cash flow. Instead of switching between different apps to review your finances, you can access both in one place.
What business metrics can I track in WealthNX beyond income and expenses?
Beyond business income and expenses, WealthNX helps you understand your business cash flow trends and where your business money is being spent. You can review spending with individual merchants, compare financial activity across different periods and see how business-related transactions fit into your broader financial picture. This gives freelancers and small business owners a better understanding of their business performance and how their business finances relate to their personal finances. While WealthNX isn't a replacement for dedicated accounting software, it provides useful financial information in one place, alongside your personal net worth tracking.
Can WealthNX help me understand the financial health of my freelance business?
Yes. WealthNX can help freelancers better understand their business financial health by making it easier to review financial activity from their connected accounts. Using transaction segregation and available filters, you can look at business-related income and expenses, review transactions across different periods and identify spending patterns. The cash flow view provides additional context about incoming and outgoing money, helping you understand your finances over time. This information can support better financial planning without requiring you to manage your business finances in a separate app.
Does the Business feature in WealthNX support multiple business accounts?
WealthNX allows users to connect multiple supported financial accounts, including eligible business accounts, alongside their personal accounts. Through transaction segregation and available filters, you can review relevant financial activity across these accounts without needing a separate business tracking system. This can help freelancers and small business owners better understand their transactions and support business cash flow tracking. All account connections are read-only, meaning WealthNX cannot move money or initiate transactions on your behalf.
Each Business You Run, Color-Coded and Apart
Business expense tracking starts with a name, a color and the accounts you assign.
