Obtaining a business credit card enables the small business owner to separate personal expenses from business expenses. Offering business credit cards to their employees eliminates the need for employees to use their personal credit cards or cash to make company purchases. Employees using a business credit card will not need to fill out expense statements, wait for approval and reimbursement from their company. Transactions are itemized and reported on quarterly statements that make it easy for management to make changes if needed. Business credit cards can be provided to the employees with preset spending limit and helps in controlling employee spending.
One of the main advantages of a business credit card is that it provides efficiency and control over company expenses by consolidating individual expenses. Instead of receiving a flood of invoices and expense statements, the company can receive one expense statement each quarter with itemized employee expense. Also business credit card companies can provide an itemized year-end statement with summary of all transactions. This enables the manager to track expenses very clearly and also simplifies the figuring out of the company tax return.
Business credit cards offer many benefits such as 0% intro APR on your balance transfers and purchases, cash back rewards on business purchases, business travel rewards, no annual fee, online account management and discount on everyday business purchases plus a host of other features and benefits. These bonuses and rewards can lower the company expenses and add up to a significant amount of savings for the company. An important feature of business credit card is the ability to build the company credit standing and receive incremental increases in credit line and cash flow over time.
With a business credit card, employees are less likely to make impulse purchase, because they are aware that the business credit card is company property and should not be used to make personal purchases. Avoid mismanagement of your business credit card by always making payment on time thus avoiding late fees and higher interest rate. Make sure you read and understand the terms of use of your small business credit card.
About The Author:
David Hall owner of the popular site http://www.icreditonline.com He has tools for finding a wide range of financial services including secured and unsecured cards, student and business cards, auto loans, and more from the most reputable companies in the industry. You can also compare multiple credit card offers, securely complete an online credit card application, and receive a credit decision in at least 60 seconds. Visit David's site today: http://www.icreditonline.com
You have permission to republish this article on your website on condition that you include the byline and hyperlinks intact.
Wood Dale Chicago prom limo .. Lockport Chicago limo O’HareIn a quest for customers and to keep those customers,... Read More
You'd like to go into business for yourself, and believe... Read More
One of the first things you will need to set... Read More
The Dynamics of Daylight Savings Time changes the way we... Read More
Many auto detailers fall short in their sales presentations. I... Read More
In the heavy equipment cleaning business you can make good... Read More
So you think you're not justified in taking time away... Read More
What are the 5 best ways to gain new contacts?There... Read More
Rule 15C211Under SEC Rule 15C211, a U.S. securities broker or... Read More
The bad things starts with the letter 'O'?.like Obstacles, Obstruction,... Read More
You have spent considerable time pulling your business plan together,... Read More
When the recent Games of the XXVIII Olympiad came to... Read More
How do window cleaning franchise businesses start? It is a... Read More
Yes, that IS security when nobody can downsize you because... Read More
It is an American dream to own a business. But... Read More
You only have so much time in a day right?So... Read More
Most of us remember going to at least one garage... Read More
We have all seen the mobile washing units cruising our... Read More
If you are thinking of turning your current into a... Read More
A Small Business Opportunities Magazine is one of the new... Read More
You are probably hard at work promoting your business (and... Read More
You're a small business owner with a hot new product... Read More
A janitorial cleaning service is one of the best businesses... Read More
It is not surprising that some people may perceive Six... Read More
Experts urge small business owners to "brand" their business ?... Read More
Antigo wedding limo ..Financial Consultants are one of the fastest growing industries today.... Read More
As an Investment Representative you've worked hard to build trust... Read More
So there I was ? sitting in the audience of... Read More
How far can you go based on your relationship with... Read More
1. Have A Strong Constitution ? Justices deliver decisions by... Read More
Why would you use an event pass?Event passes are often... Read More
Attorneys and Lawyers are ruining the franchise industry. It is... Read More
Multimedia is everywhere on the Internet, whether in the form... Read More
If you are in the professional car care business you... Read More
Administrative and clerical tasks are the bane of every industry.... Read More
When a person knows and knows not that he knows.... Read More
You'd like to go into business for yourself, and believe... Read More
If you discovered the bottom line in your business depended... Read More
As an entrepreneur you can learn a lot by following... Read More
It is estimated that 78% of all small business start-ups... Read More
You're a small business owner with a hot new product... Read More
Ok, you have successfully accomplished your dream of being the... Read More
One of the most common issues that comes up for... Read More
Cash is the lifeblood of any business. As humans need... Read More
A Small Business Opportunities Magazine is one of the new... Read More
So what exactly is a "Small Business Lone Ranger?" A... Read More
Should your business have a toll free number for customers... Read More
It's a commonly quoted statistic: 80% of all small businesses... Read More
You may find this Newsletter a little long winded but... Read More
COLLABORATIVE NEGOTIATING:Collaborative negotiating is a win-win strategy that can focus... Read More
Small Business |