Corporate Credit Cards

Corporate credit cards can help an entrepreneur manage his business in several ways. They can assist an owner in keeping business expenditures separate from personal ones. Most large companies have these types of accounts or belong to a corporate credit card company. A corporate account is different than a regular account, in that is specializes in issuing plans to a firm's employees. The lender then offers two types of terms: It will bill directly to the company or bill each individual user. This decision is left up to the business and the accounting practices of the business.

By having separate corporate credit cards, employees can keep track of their travel expenses and related expenditures. By using them, employees can keep accurate records for travel reimbursement. Some merchants also offer discounts for employees who use this plan. It also makes verifying who the worker is easier. The employee just shows the appropriate documentation and the discount is applied. The sale record goes to the company, and is recorded to the appropriate expense account.

Most lenders now offer online services. The card holder can view recent transactions, find current balance, check remaining credit limits, make payments, and view statements all from his home or office computer. This online process also makes it easy to verify abuse of the corporate credit card. Some have download features that will allow the owner and the employee to track expenses in popular accounting software. There are even bonus programs that will earn points toward free gifts, hotels, or airline tickets. Corporate credit cards are very popular with corporate employees and owners who enjoy the ease this technology brings.

Having corporate credit cards makes transacting business simple for even small business owners. They no longer have to keep petty cash on hand to make minor purchases. They can do away with purchase orders by authorizing only certain personnel to use the program. The company's accounting office will appreciate the ease of one bill to monitor spending. Also, cash advances are no longer necessary for those traveling at company expense. There are very few establishments that will not accept a corporate credit card, so carrying cash is no longer necessary. God consider us as His workers in His vineyard. Second Corinthians 6:1 says, "We then, as workers together with him, beseech you also that receive not the grace of God in vain." No matter if we serve as the employee or the employer, our boss is our Lord. We must make every transaction and every business decision in the light of His will.