Hello All,
Looking for some friendly advice...Our small business is up and running 4 months and we applied for a business credit card with our bank. It has been declined because we are not up long enough (credit crunch indeed!).
We need to make some crucial purchases online, which we cannot do without a credit card. Up to this we have been using our personal cards for business purchases and charging them as an expense. However our accountant called this "Messy" and told us to charge directly to the business.
To be clear, we do not need the credit as such, just the facility to purchase online, and disposable credit cards such as V3 have too low a limit, bank transfers and cheques are not accepted either. Ideally a laser would work, but the bank does not offer that for businesses.
Does anyone have the foggiest how we could do this without a credit card? Is it really that bad to make purchases personally and then charge them as an expense?
Is there another way? All advice really appreciated, and in the knowledge that it would be more appropriate to ask our accountant this, suggestions are still really welcome and may also help others in this very difficult time for new businesses.
Thanks!
Looking for some friendly advice...Our small business is up and running 4 months and we applied for a business credit card with our bank. It has been declined because we are not up long enough (credit crunch indeed!).
We need to make some crucial purchases online, which we cannot do without a credit card. Up to this we have been using our personal cards for business purchases and charging them as an expense. However our accountant called this "Messy" and told us to charge directly to the business.
To be clear, we do not need the credit as such, just the facility to purchase online, and disposable credit cards such as V3 have too low a limit, bank transfers and cheques are not accepted either. Ideally a laser would work, but the bank does not offer that for businesses.
Does anyone have the foggiest how we could do this without a credit card? Is it really that bad to make purchases personally and then charge them as an expense?
Is there another way? All advice really appreciated, and in the knowledge that it would be more appropriate to ask our accountant this, suggestions are still really welcome and may also help others in this very difficult time for new businesses.
Thanks!