5 Ways in which Business Cards Offer Better Advantages than Checks

Managing your Cash Flow

POINTS

Complete the units, enroll in new courses, answer survey questions

By gaining points, you can win a personalised one on one coaching session

Complete the course to see how your learning has improved and gain 10 points

Answer the questions in each unit to generate your custom action plan and gain points

Collect points to be able to ask an expert any question you may have

Course Modules

% Completed

Module 1	Managing your Cash Flow
Unit 1	Managing your Cash Flow Pretest
Unit 2	5 Tips for Getting Paid Quickly
Unit 3	5 Steps for Managing your Cash Flow
Unit 4	5 Ways in which Business Cards Offer Better Advantages than Checks
Unit 5	7 Reasons Why you should Prepare a Cash Flow Projection
Unit 6	3 Essential Sections of a Cash Flow Statement
Unit 7	Managing your Cash Flow Posttest

Powered By WP Courseware

Unit Video

Unit Summary

5 advantages of using cards instead of checks in your business:

Payment Flexibility
Rewards
Online Reporting
Business Discounts
Pay Online

Build Your Action Plan

Survey Questions

You cannot view this unit as you're not logged in yet.

Dig Deeper

Transcript

Hi. In this video, you will learn why using business cards is can give you better advantages than using checks for your business.

As more and more financial transactions in business are migrating from traditional use of checks to the modern use of business cards, small and medium businesses are finding much more convenience and efficiency.

Here are 5 advantages of using cards instead of checks in your business:

Improved payment flexibility with also financing option
Rewards for business spending
Online reporting to reduce record-keeping time
Special business discounts
Ability to pay online

Businesses can make use of these advantages and be able to pass them on to the employees of the business for added convenience. It is easy and secure to provide business cards to your key team members, whereas providing them with check books might not be the wisest thing to do.

Case Study

Western Retailers - a retail business that is owned by three partners has a policy that any two of the three partners are authorized to sign banks cheques on behalf of the company. Western Retailers faced a financial problem when one of the partners took his annual leave vacation overseas, and another partner fell sick and was admitted to hospital. Unable to issue cheques or sign a cash cheque to withdraw money, the Finance Manager was forced to withdraw his personal funds to cover the company’s expenses and cash requirements until one of the partners where able to sign the bank cheques. Had the company taken out a “Business Debit Card” with their bank, they would have been able to withdraw cash from the ATM to settle the urgent payments without any problems or using employees’ personal funds.