Most of us take using credit cards for granted. We use them to pay for gas, lunch, travel, office supplies and other routine expenses. What many people forget is that a business credit card can also be a financial management tool. Having a business credit card, which you use only for business expenses, helps differentiate between personal and business expenses.
Many cards provide year end reports that group types of expenses together, making it easy to see where your money went over the course of the year. Those little expenses add up–it can be a shock to discover that you spent $1000 on ink and toner, for example. But that kind of knowledge is helpful when you are looking for ways to cut expenses and use your money more effectively.