<prompt> Human: Im a small time freelancer looking to expand my business. I am registered with my state, and pay both federal and state taxes. I bring in between 3k - 6k a year. My profit is around 2k - 4k a year.Ive been keeping my PayPal as my business operation. I receive my payments, and only buy business related items via PayPal credit. I transfer my payments to my personal savings and leave it as needed.Its been suggested to me to get a business account and credit card through my credit union. Mainly because I plan on getting into selling physical items, which would require more expenses and potentially could earn me more. The thing is currently this income just gets absorbed into day to day activities. Its a supplement to our lifestyle. Do I need these kinds of accounts, or is it only really necessary for folks who make more? Is there a benefit to having these accounts when I can keep good records through Paypal?  <response>: not necessary. but a checking account thats used ONLY for business costs and expenses is handy. its a simple accounting system of expenses and profits, a log of all payments and to whom, etc. 