Do I need a business bank account to use Ruby Money?

We recommend that you have a separate bank account for your business income.

We always recommend that you have a separate bank account for your freelance work, be it full-time or as a side hustle.  Not only does this help Ruby Money correctly identify your client payments and set aside the right amount for taxes and retirement, it also makes calculating your income and expenses easier come tax time.  However, this bank account does not need to be a business or commercial account held under a business name; it can be a personal account you only use for business purposes.