Top 4 Credit Card Benefits For A Small Business

A business credit card offers many benefits to a small
business. A business credit card helps to keep business
and personal expenses separate. Having a credit card
solely for business use can make a lot of difference in the
business finances. Many small business owners do not
understand how beneficial a business credit card can be.

Establish Credit And Creditworthiness

Just as you personally want to establish credit, your
business needs to establish credit. It is common for small
business owners to use their personal credit for their
business credit, but this can get rather tricky. When it
comes to taxes and financial liability it is much better
for the business owner to keep personal and business credit
separate.

Easier Accounting Saves Hassles

A business credit card will help simplify accounting.
There will be no need to sort through papers to figure out
business form personal expenses. Using a credit card, the
purchases for the business are all in the statement. These
figures can be easily transferred to the books. This helps
to make accounting much easier by keeping expenses
streamlined.

Simplified Spending

A small business owner may find himself having to okay
purchases or write out checks for purchases made by
employees. With a business credit card, the owner can get
additional cards for those who have spending power. This
will help cut down on time wasted getting purchases
approved and also save money because far less checks will
have to be written. It will make the business more
efficient.

Reward Possibilities

There are many credit cards that offer rewards for
purchases. With a rewards card a business owner can get an
additional incentive by earning things like free airline
miles, gasoline and even cash back on purchases. This is
something that can be very helpful to a small business.
Rewards are earned through purchases, so a business is
earning something for money they would have spent anyway.
It is like getting double for your money.

Business credit cards are a great idea, especially for
small businesses. Many small business owners do not
understand just how beneficial they can be, but as you can
see they offer many perks. A small business owner would be
very smart to get a credit card that will make it much
easier on them in the long run. They will find they save
money, save time and make the business more efficient and
run smoother.

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Article by Andrew Jamaz, on behalf of
http://www.refresharticles.com/articles/credit-cards/
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