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Bookkeeper, Public Accountant

 

accounting & bookkeeping Made Easy With Small Business Credit Cards

Jaded by a routine 9 to 5 job? Stifled by your thankless work? Have you bartered your dreams away for an emotionally unsatisfying life? If you have finally decided to wrench yourself free from your shackles, it is time to take stock financially and see how small business credit cards can actually help you in starting your and running your own business.

When you set out on this exciting new journey, you are likely to face a number of challenges, and with them, teething trou...

Small Business Credit Cards, Small Business Credit Card

Jaded by a routine 9 to 5 job? Stifled by your thankless work? Have you bartered your dreams away for an emotionally unsatisfying life? If you have finally decided to wrench yourself free from your shackles, it is time to take stock financially and see how small business credit cards can actually help you in starting your and running your own business.

When you set out on this exciting new journey, you are likely to face a number of challenges, and with them, teething troubles. You can avoid such stress if you make good use of the various tools specially designed to assist entrepreneurs in their ventures. Small business credit cards are by far one of the most important accounting & bookkeeping instruments made available to you.

Small Business Credit Cards are Valuable accounting & bookkeeping Tools

One of the major problems that small businesses face is detailed accounting & bookkeeping of their monetary transactions. Finances of any business must be immaculate and readily presentable, and if you haven not done such accounting & bookkeeping before, be prepared for a tough task.

Usually, a small business suffers from insufficient manpower. Business owners assume various roles and are often under tremendous pressure to perform efficiently in a frenetic race against time to meet deadlines. Thus, opportunity for human error creeps in. But when it comes to finances, even the minor errors can spell disaster for your new baby.

Small business credit cards offer an opportunity to ease this tension and minimize errors. Whenever a transaction is done through a small business credit card, it is automatically reflected in a monthly statement. Your books can then be easily updated on time with the help of these all-inclusive statements showing specific details. A thorough account of all purchases can easily be maintained in this manner.

Managing Your Business with Small Business Credit Cards

Small business credit cards generally offer features such as online banking and round-the-clock technical assistance. This is especially handy when it comes to bill payment, downloading data, viewing expense reports, redeeming points, and overall maintenance and monitoring of transactions.

Add-on Benefits of a Small Business Credit Card

Credit card companies have bettered the deal by offering additional benefits on small business credit cards. As a business owner, you cannot afford to ignore these benefits. For example, obtaining incrementally higher credit limits can provide you with additional liquidity when required and more opportunities to expand your business products and services.

A small business credit card can also have a cash back offer that entitles the cardholder to rebates on purchases made with collaborating businesses. The refund may be reflected on the customer’s account statement or just be provided by way of a periodic rebate check. Some cards also come with airline and travel reward incentives and you can even earn frequent flyer miles with your purchases that can also be redeemed for discounts and rewards.

Small business credit cards have revolutionized the way fledgling businesses approach finance. Card statements that are usually made available online can help remove tedious accounting & bookkeeping paperwork. Small business credit cards empower even those with the most rudimentary knowledge of accounting & bookkeeping, freeing them up to focus on growing their respective businesses.

 

Business Credit Cards - Streamline Your accounting & bookkeeping

This article provides and overview for how businesses can use business credit cards to facilitate efficient accounting & bookkeeping practices.

Small Business Credit Card,Business Credit Card,Business Credit Cards

Nearly every individual makes purchases with a credit card at some point or other. But did you know that you can also apply for a business credit card if you have your own business? Business credit cards not only make it easy for you to purchase supplies and services, but they also help to streamline your business and accounting & bookkeeping practices -- particularly in small businesses, where man-power is limited and purchases can be frequent.

How to Use It

Business credit cards are used just like any other credit card. If you apply to receive a small business credit card, you will be asked what name should appear on the face of the card. Many small business owners will imprint their own names, particularly if they are the primary purchaser. However, if you have an active team of frequent shoppers, you may want to consider either imprinting the company name on the credit card or obtaining a business credit card for each of your team members to use at their discretion.

How Business Credit Cards Can Help You

All businesses are accountable to the government for tax purposes and are accountable to themselves for revenue and expense calculations. In the days when all purchases were made with cash, the accounting & bookkeeping departments of large companies had to spend the bulk of their time sorting out wads of receipts and purchase orders. However, when business credit cards hit the market, credit card companies made it possible for bookkeeper, public accountants to streamline the record-keeping process. Small businesses benefit from using small business credit cards especially well because most small organizations do not have the resources to enlist a team of bookkeeper, public accountants to sort out purchases. When you enroll in a business credit card program, you will not only receive itemized monthly statements, but some credit card companies even go so far as to categorize your purchases so that you can more easily track spending. How's that for customer service?

Taxes

Not only will your accounting & bookkeeping department appreciate the implementation of the small business credit cards on a continuous basis, but they will be especially appreciative during tax season. While it is still a good idea to retain receipts of purchases in case your small business should ever get audited by the IRS, having a small business credit card will help you efficiently file your taxes. You will be able to effectively pull together spending figures. While many CPA's debate whether Uncle Sam will accept a simple credit card statement as proof of a business-related purchase, at least you have some sort of evidence of a purchase, even if you have lost a receipt.

Using a business credit card is not only a strategic move for any business, but the cards are also becoming ubiquitous. Especially if you have a small business, rather than have your employees charge their purchases to their own cards or (even worse) pay with cash, consider investing in a small business credit card. Most companies offer low-interest, free business credit cards to businesses with a solid credit history.

 

Small Business Credit Cards: Make Your bookkeeper, public accountant Obsolete

Small business credit cards can play an important role in the success of many enterprises and small businesses. Yet currently most folks view of small business credit cards is extremely limited. Mostly they only think of them as tools to aid them in obtaining certain incentives for small businesses that credit cards have become famous for giving.

Problems That A Small Business Credit Card Can Solve

The more significant potential role that small business credit cards c...

small business credit cards, credit card, business credit card, small business, offers

Small business credit cards can play an important role in the success of many enterprises and small businesses. Yet currently most folks view of small business credit cards is extremely limited. Mostly they only think of them as tools to aid them in obtaining certain incentives for small businesses that credit cards have become famous for giving.

Problems That A Small Business Credit Card Can Solve

The more significant potential role that small business credit cards can play is that of helping entrepreneurs manage their businesses more efficiently and easily by greatly simplifying the accounting & bookkeeping and financial record keeping tasks. There is no doubt that this is a critical area in the management of the affairs of any business and yet keeping constantly updated and accurate records is quite a challenge for any small business.

Many people thought that with the advent of popular and easy to use small business software accounting & bookkeeping packages like Quickbooks, this problem was gone forever. Alas, some old problems persisted. One of them was that somebody still had to enter the details and somebody still had to keep all the receipts. Then there is always the struggle to separate personal expenses from business expenses for a small business. Not to mention the need to divide all the expenses into various different categories for tax reasons.

All these headaches instantly create the position for a full-time, experienced and therefore expensive bookkeeper, public accountant for any small business.

How Small Business Credit Card Reporting Systems Work Magic

Most small business credit card statements are very detailed and immediately eliminate the cumbersome need to get and carry around receipts with you. Small business credit card statements can easily be categorized and dividing personal and business expenses is a breeze.

What makes things even easier is the fact that these detailed reporting systems are accessible online and statements can easily be downloaded directly into most of the popular small business accounting & bookkeeping packages around. What this means is that there is no need of getting somebody to key in your expenses into the system with all the possibilities of errors and omissions.

So with one master genius stroke of getting a small business credit card and ensuring that all expenses are paid using it, any small enterprise instantly creates a highly efficient and paperless accounting & bookkeeping system that virtually requires no manpower.

You really need to have gone through the hassles of keeping track of your expenses by physically collecting and keeping receipts to appreciate how much of a relief a small business credit card accounting & bookkeeping system can be.

Even if you choose to retain your bookkeeper, public accountant (which you should if you can afford him), they will now get involved in doing other more useful tasks that will impact even more directly on the success of your small business like researching for lower cost vendors and generally finding new ways to reduce costs and expenses for the small business. Meanwhile your small business credit card reporting system will accomplish most of the time-consuming daily tasks of the past. And let's not forget, the frequent flyer, cash back, and other rewards small business credit cards offer are great too!

Copyright 2005 Ed Vegliante.




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