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?
Business credit card
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.
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.
ein Jahr später
RomanKeller hat die Financial Accounting Swiss Accounting Gelöst Themen hinzugefügt und die Buchhaltung Business Themen entfernt.
2 Jahre später
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.