Small Business Credit Cards
Make Your Accountant Obsolete
By Ed Vegliante
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 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 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 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 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 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 system can be.
Even if you choose to retain your 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!
Ed Vegliante runs the website
http://www.Credit-Card-Surplus.com , a well organized credit card directory
enabling the consumer to compare and apply for a variety of credit card offers
Business Credit Cards . View more
Credit Card Articles.