Pam Newman is a Certified Management Accountant, author and Certified QuickBooks ProAdvisor for Financial and Point-of-Sale software. She is also president of RPPC, Inc., which provides customized business development services.
Should we be using our business credit card for purchases yet?
My business partner and I have different philosophies on when to use a credit card. She'd like us to use our business card every time we're talking about our business or working on our business at a restaurant or coffee shop. Since we don't yet have any revenue, and I'm much more cautious about credit card spending, I'd like us to use our personal accounts, hold onto our receipts and have our business owe us back that money. It's a pretty divisive issue for us--any advice?