Intuit

Need to cover business expenses while waiting for a client payment?

In this video, you’ll learn how a business credit card can help bridge a short-term cash gap and what you should understand before relying on it. From interest and grace periods to repayment strategies and bookkeeping, this guide explains how to use a credit card responsibly when cash flow is temporarily tight.

0:00 – How can I use a business credit card to cover a short-term cash gap? 0:20 – How can I avoid paying interest during a short-term gap? 0:50 – What does it cost if I carry a balance? 1:20 – What guardrails should I set? 1:50 – When is a credit card better than a line of credit? 2:20 – How should I track this spending for bookkeeping? 2:40 – Close

In this video, a small business owner shares practical insights on using a business credit card to manage temporary cash flow gaps. It covers:

• How business credit cards allow you to make purchases now and potentially avoid interest if you pay the statement balance in full by the due date. • What happens when you carry a balance and how interest charges can quickly increase the real cost of covering short-term expenses. • Guardrails to consider before using a credit card for cash flow gaps, such as charging only essential expenses, keeping credit utilization manageable, and having a clear payoff plan. • The difference between using a business credit card for everyday expenses and using a line of credit for larger funding needs. • Why properly categorizing and tracking these transactions is important for bookkeeping and financial clarity.

Plus, find out how Intuit can help you track expenses, organize transactions, and stay on top of your business finances throughout the year. View the video to learn more about managing short-term cash flow with a business credit card.

No matter the size of your business or what stage you’re at in your journey, QuickBooks gives you the tools and expert resources to run and grow your business with confidence. Explore more to see how QuickBooks empowers business owners like you.

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