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25 Top Reasons Why Businesses Fail
Starting a business, whether it be from home, or in an office somewhere, may sound like the perfect solution to your working blues, but unless you’re committed to making it work, you can find yourself on the losing end real quick. Businesses fail...
Book Yourself Solid Key #5: Go Forward With Gusto & Articulate What You Do
Want your small business to flip instead of flop?! Statistically half of the entrepreneurs reading this will be out of business in three short years. Establishing a long standing, profitable and successful business absolutely depends on your ability...
Do You Love Food? - Then Maybe Opening a Restaurant is Not Such a Crazy Idea
The day care industry is expanding. There are now more than 100,000 licensed child-care centers and 250,000 licensed family day care homes across the United States. The market for day care increases every year as the working mother in society...
How To Be An Internet Marketing Champion
How bad do you want to make money on the internet? You know thousands of people are doing it and maybe you've had a little success. But do you really want your own business operating 24 hours a day making money for you?
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Successfully Adding a Service To Your Business
There will come a time in your business where you feel ready to add another service offering. To make this successful, there are ten tips to consider before moving ahead.
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Business expense reporting using small business credit cards
We know that there are multiple benefits associated with a small
business credit card. However, business expense reporting is
probably one of the most important benefits.
Be it for accounting purpose and tax calculations or be it for
planning the future financial requirements etc of your small
business, you surely need to know what expenditures you are
making on the running of your business. The business expenses
includes small things like paying for the brochure printing job,
entertainment expenses for clients, business travel expenses or
gifts etc. If you were to use your personal credit card for
paying for these or just simply cash, then you would end up with
a load of bills/expense-statements to sort out at the end of
each month. Not only would you be spending a lot of time sorting
out what is a personal expense and what a business expense is,
but could also end up doing it wrongly. After all it's only
human to make errors in things like this. On the other hand, if
you were using your small business credit card for the payment
of all the business expenses, the need for such a sorting job is
eliminated altogether. Your monthly statement for your small
business credit card will clearly show all your business
expenses and the monthly statement of your personal credit card
will show all the personal expenses. So these are
auto-segregated.
Even your accountant would be happy if you were to exercise such
a methodology. The clarity obtained from such statements is much
better as compared to something you would scribble or do on an
excel sheet. Moreover, since the credit card companies have been
doing this since long, they have developed their own
terminologies and conventions which are consistent across
various statements over a
period of time. Some of the credit
cards even group the expenses under proper headers to facilitate
accounting. You could either directly use this groupings for
your accounting purposes or you could map them to something else
in your accounting system.
Sometimes one might use the credit card statements as the sole
accounting tool. This is made easier with the credit card
company offering downloads of credit card statements in a format
which can be fed directly (or with some minor modifications)
into accounting software. That means that you can get enhanced
accounting features too by the combination of the data obtained
from the monthly statement of your small business credit card
and the powers of an accounting tool which is able to accept
that data as a feed. Can't think of a better thing, can you?
Moreover, since the small business credit cards separate your
personal and business expenses, you can also keep track of your
personal expenses and plan your budget for personal expenses too
i.e. personal accounting is simplified as well. This reduces the
hassles with doing your personal tax calculation too.
Thus, what can otherwise be a nightmare is turned into a simple
activity by small business credit cards. This reason alone is
sufficient for anyone to go for a small business credit card.
About the author:
Rudy Hadisentosa: CCN.com is a free online credit cards review
and application website. We offer credit cards selection from
visa,master cards, discover, american express and many others.
We have quite some categories and hundreds of credit cards
selection to fit your need. Apply for a credit card at CCN.com.
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| United States Small Business Administration |
| An electronic gateway of procurement information for and about small businesses. Search engine for contracting officers, marketing tool for small firms, ... |
| www.sba.gov |
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| SBA |
| The Small Business Planner includes information and resources that will help you at any stage of the business lifecycle. ... |
| www.sba.gov |
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| Main Page - SmallBusiness.com - Small Business Resources |
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| www.smallbusiness.com |
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| Yahoo! Small Business: Domain Names, Web Hosting, E-commerce ... |
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| www.smallbusiness.co.uk |
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| Smallbusiness.gov.au redirect to business.gov.au |
| Business Entry Point - Helping small business in big ways. An Australian Government initiative. The content from this website has now been consolidated into ... |
| www.smallbusiness.gov.au |
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| Business & Small Business |
| Online and print small business publication. Information to help start, grow or manage a small business. |
| www.entrepreneur.com |
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| Microsoft Small Business Center |
| Your home for information about Microsoft's small-business products and services, tailored business advice, technology tools, and more. |
| www.microsoft.com |
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| The Small Business Advisor - advice for starting and operating a ... |
| Advice and assistance for starting and operating a small or home based business. |
| www.isquare.com |
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| SCORE "Counselors to America's Small Business" |
| A nonprofit association dedicated to encouraging the formation, growth, and success of small business nationwide through counseling and mentor programs. |
| www.score.org |
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| Small Business and Self-Employed One-Stop Resource |
| IR-2006-2, January 3, 2006 - Temporary and proposed regulations will significantly reduce tax filing burden for nearly 950000 small business owners. ... |
| www.irs.gov |
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| Welcome to Small Business BC your business resource in British ... |
| BC Business Services offers assistance and resources for those running or starting a business in British Columbia and Vancouver. |
| www.smallbusinessbc.ca |
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| Small Business Service | Home |
| Provides information and advice to help small businesses realise their potential. |
| www.sbs.gov.uk |
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| NSW Small Business |
| A site developed by the NSW Department of State and Regional Development for small businesses. Topics include management, resources, current issues and ... |
| www.smallbiz.nsw.gov.au |
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| Business Management & Advice: Small Business Resources & Information |
| Looking for business management and advice? Our website includes small business resources and information that can help you. Visit the small business ... |
| www.businessweek.com |
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| Small Business Lawyer, Attorney, Law, Legal Help - FindLaw for ... |
| Information and legal sites relevant to small business. |
| smallbusiness.findlaw.com |
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| Small Business Funding Opportunities (SBIR and STTR) |
| Links to Small Business Funding Opportunities and SBIR / STTR Applications. |
| grants.nih.gov |
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| Microsoft bCentral Small Business Directory |
| Directory categorized by industry with company business card feature. |
| sbd.bcentral.com |
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| Our site has moved! Please update your bookmarks! |
| Facilitates the sharing and exchange of information among small business development centers, the small business administration and other business-oriented ... |
| sbdcnet.utsa.edu |
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| Small Business Development Corporation |
| Our business information services provides guidance to improve business skills and knowledge on advice on starting, buying, selling and expanding a small ... |
| www.sbdc.com.au |
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