If keeping up with all of the receipts and expense categorization is putting a strain on your small business bookkeeping, a business credit card can help you significantly simplify the process. Here are several ways that a business credit card can make things simpler:
Automatic Expense Categorization
Rather than having to go through your receipts and categorize each expense individually, most business credit cards, including those through UnsecuredBizLoan, will do this automatically for you. Based on where you make the purchase, the credit card company will automatically categorize the expense. You can even usually import these categories directly into your bookkeeping system.
Rather than having to keep up with your bookkeeping regularly to ensure your business checking account has enough money to fund each purchase, using a business credit card allows you to do the books just once per month. Your monthly credit card bill allows you to pay for everything at once instead of having to micro-manage your checking account.
Track Employee Expenses
If your small business has employees who have business expenses, giving each one a business credit card simplifies the process of expenses. Because the purchases on the card go straight to the business account, you won’t have to reimburse your employees for their expenses and can track what they’re spending.
Log All Business Expenses
Whether you used to make business purchases in cash, with a debit card from your business checking account, or with a personal credit card, transitioning to a business card makes it easier for you to log all of your business expenses. You won’t have to use receipts to log your expenses because you can find each one on your monthly credit card bill.
Regardless of the reasons that lead you to get a business credit card, you’ll reap the benefits of simpler bookkeeping. This gives you more time to work on running your small business and fewer headaches from managing finances.
To apply for funding for your small business, use the form on the right to begin the application process.
For more information, go to Business Credit Card at http://www.unsecuredbizloan.com/business-credit-card