A corporate card policy is a set of guidelines that governs employee use of company-issued credit cards. It aims to control employee spending by defining what is and isn’t an authorized expense.

Here are the steps you'll need to take to establish the reconciliation process for your corporate credit cards: Step 1: Set up a system to track corporate credit card expenses.

How to create an effective corporate credit card policy Corporate credit card policies are typically written by finance teams with input from HR, operations, and department heads. Since the policy ...

Expense tracking: Automated expense tracking systems can help track all expenses, even with multiple cardholders. This can make it easier to identify discrepancies and prevent duplicate charges.

Tracking and managing expenses Accurate reconciliation makes it easier to know how much money is spent on corporate credit cards. This can help to eliminate inflated costs and wasteful spending.

Credit card reconciliation: How business owners can eliminate inflated costs and wasteful spending when tracking expenses By Stacker April 25, 2024 11:03 AM Published April 24, 2024 11:41 PM ...