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?

Points: 10

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

    1. You don’t need a special current account (Kontokorrent) to keep track of expenses paid with personal funds.
    2. You have a separate item on the balance sheet that doesn’t mix with other short-term liabilities.
    3. 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.

      Points: 5
        ein Jahr später
        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.

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