Business credit card

Higgins

Hello! I’m thinking about opening a business credit card for minor purchases. What are the advantages of such a card from an accounting perspective?

Gilmore

Hello, Mr. Higgins!
That is actually a good idea.

You don’t need a special current account (Kontokorrent) to keep track of expenses paid with personal funds.
You have a separate item on the balance sheet that doesn’t mix with other short-term liabilities.
It’s easier to keep track of business expenses.

Pozzi

Hello, Higgins!

Using a business credit card you have first of all financial flexibility and easy access to cash flow in a period when the main account is insufficient. Some invoices need to be paid at once, in this case a credit card payment is an easiest and fastes way. You don’t have to ask your accounting manager to prepare payment in banking.

MirandaHops

I fully trust the WestStein service, I opened an online checking account WestStein six months ago. It is simple, fast and can then be used for personal purposes. I have never regretted it, this is a proven service. Everything can be done without additional overpayments.