Smart ways to use business credit card- Najla Abdus Samad

1. Najla Abdus Samad Smart ways to use business credit card

3. It’s business, not personal Financial specialists Najla Abdus Samadactually indorse using your business credit card for personal expenses because it curtails your personal credit activity. The interest and payment rules and penalties for business credit cards are dissimilar than peculiar cards, and mismanagement can lead to appalling results.

4. Ask questions Before signing up for a business credit card, Najla Abdus Samadmakes sure that you ask any questions you may have. It’s chief that you apprehend your credit card arrangement. Be aware of any fees and due dates – being cognizant of these specifics will help you circumvent penalties.

5. Monitor financial statements As a business owner Najla Abdus Samad says you need to keep track of where you position financially each month. By formulating accurate and up-to-date economic statements, you’ll be able to figure out if you have enough wealth to pay all of your debts.

6. Business transactions By putting all of your business expenses on your business credit card, Najla Abdus Samad you’ll be able to straightforwardly keep your business transactions in one place. This is convenient for your particular records.

7. Accountability system When you have a business credit card, Najla Abdus Samad you have to generate a clear and succinct plan for using it. This can comprise pre-approved outlay, setting spending limits, checking all receipts and revising all transactions.

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