Corporate credit card reconciliation

Happay20 Jan, 2023Business

Corporate credit card reconciliation involves matching credit card transactions with ledger accounts. This operation may occur monthly, quarterly, or never. This ensures that transactions are legal and honest. If problems emerge, a solution must be found and implemented as soon as possible. This critical step is needed to close a company's books. Depending on each firm's schedule, meetings may be held monthly, every other week, or elsewhere. The finance team should compare the credit card statement's costs to its records. Solving problems today is easier than later.