How Can I Control Company Expenses With the Revenued Business Card?

''

The health of your company’s bottom line depends on two things: high revenue and low expenses. The primary goal for profitable businesses is to ensure this gap between income and expenses (the profit margin) is as wide as possible. 

Most small business owners understand the need to increase sales and boost cash flow. Finding ways to bring in more money is vital; however, reining in your company’s expenses is equally important, yet many business owners overlook this half of the equation.

Controlling your company expenses allows you to have more cash on hand to invest your money in growth opportunities or pay down debt. Let’s look at some smart ways you can curb spending and control company expenses with the Revenued Business Card.

Defining Company Expenses

It seems obvious, but company expenses are costs associated with running your business. They must be distinguished from personal costs like groceries, medical bills, or utilities that are not related to business operations. Even small enterprises should have business bank accounts to keep company outlays separated from personal ones.

Your company expenses can fall into several categories depending on the nature of your business operations. Some of these are fixed costs that change very little over time, while others are variable costs based on your sales and production volume.

Fixed Expenses

Fixed expenses are not set in stone — although they do not fluctuate from month to month, they may still be negotiable or optional. In other words, even fixed expenses can and should be controlled.

Fixed business expenses are also sometimes referred to as overhead. Examples include:

  • Rent or mortgage payments
  • Professional dues
  • Subscriptions
  • Internet, phone service, and other utilities
  • Salaries and employee benefits
  • Equipment depreciation
  • Insurance premiums

Variable Expenses

Variable expenses change from month to month, and they are often tied to fluctuations in your business operations. The more you produce or sell in a given period, the higher some of these expenses will be. 

Examples of variable business expenses include:

  • Raw production materials
  • Other production supplies
  • Sales commissions
  • Bank fees
  • Delivery or shipping costs
  • Advertising and marketing

Although you sometimes need to spend money to make money, you should also make sure that you are spending wisely for your business. Look for ways to reduce costs without stifling sales — explore cost-effective advertising options, shop around for the best utility rates and insurance premiums, and cut out unnecessary expenses that are not adding to the value of your company.

Take Control of Your Spending With Revenued

The Revenued Business Card is a new financing tool with features that can help you control company expenses. Here’s how the Card works:

  • Virtually any U.S.-based business with at least $10,000 in monthly sales and six months of operational history is eligible to apply.
  • If approved, you will receive a card that works similar to a debit or credit card, with a spending limit that you can use to pay for any of your business expenses.
  • You only pay for the funds you use.
  • When you use the Revenued Card, you are selling future receivables in exchange for immediate funding.
  • You can buy back your receivables over time, only paying for the funds you used.

Use Your Online Merchant Portal for Complete Transparency

There are no hidden fees for the Revenued Business Card. We offer unparalleled transparency to put you in control of your company’s spending.

Before using your funds, you will know your spending limit and all other terms and conditions. You will have the chance to review the contract thoroughly before signing to make an informed decision.

After you get the Revenued Card, access your online portal anytime to conveniently monitor your:

  • Account activity — View your current balance, pending balance, spending availability, and transactions, including the exact payback amount for each purchase. 
  • Payment calendar Access a calendar where you will see how much you are paying each day and how much time is left on the payment schedule. 

Plus, you can use the portal to effortlessly request a cash draw or a spending limit increase.

How the Revenued Business Card Can Help You Control Expenses

The Revenued Business Card gives you financial flexibility and access to short-term working capital. Unlike bank loans that start charging interest as soon as you’re approved, you can use as much or as little of the Revenued Card funds as you want — the money is there whenever you need it, and you only pay for the portion you utilize. 

Use the Revenued Card to:

  • Pay your bills on time — With the easy accessibility of Revenued Card funds, even businesses with fluctuating revenue streams can ensure outstanding invoices are paid on time. This helps you avoid the late fees that can eat away at your company’s profits.
  • Earn cash back — Rewards programs give your business a way to earn money while paying for necessary expenses. Each time you use the Revenued Card, you build up cash back to help boost your bottom line.
  • Even out your cash flow — Expenses must still be paid even if income is delayed. Use the Revenued Card to cover expenses during lean months. This helps you sidestep potential overdraft fees and keep your bank accounts in the black.

Your FICO Score Doesn’t Limit You With the Revenued Card

Traditional lenders and credit card issuers may not consider your application unless you have been in business for two years or more and have built up an excellent credit score. Revenued works differently.

There are no FICO score requirements for the Revenued Business Card, so even newer entities with subprime credit can qualify. By emphasizing current sales over credit history, Revenued can deliver funding when you need it and provide your business with a new lease on life.

Call us at (855) 943-5363 or fill out the online contact form to learn more about controlling your company expenses with the dynamic new Revenued Card. 

 

We're working on some pretty cool new pieces of content, including tools that will give you insight into your business finances.

Want to be the first to know when they launch?

Documents Needed: Partnerships (& LLCs That File as Partnerships)

Note: Due to funding no longer being available through the US Small Business Administration (SBA) for the Paycheck Protection Program (PPP), Revenued is no longer accepting applications.    If you haven’t already, start your PPP application now. To streamline the application process and ensure you’re able to complete the full application using our automated platform, […]

What Happens if My Company Goes Bankrupt?

Opening and running a small business is risky even under the best of circumstances. Nearly one out of two new companies close their doors for good within their first five years, and the COVID-19 pandemic has generated new hurdles for struggling enterprises.  According to an October 2020 survey conducted by Small Business for America’s Future […]

Are You Personally Liable for Your Business Loans?

When you take out a loan in your business name, you probably plan on having enough steady revenue to cover the payments. When the unexpected happens — sales drop off, expenses skyrocket, or you deplete your rainy day fund — your business may not be able to shoulder the burden the way you’d hoped. If […]