They are expensed when the monthly charges are paid. The sum of the transactions listed on your statement. Individual transactions will not be displayed until major modifications are made to the FRS system. Each cardholder will receive a detailed statement for each active card, at the beginning of every month. You will not receive a call from Purchasing or Accounts Payable reminding you to complete your reconciliation.
Reconciliation is simple and straightforward.
Compare the individual charges on your statement to the charges recorded on your transaction summary form. If the individual transactions match, the reconciliation is complete. Sign the form and file for future reference. Payment will be automatic. In the absence of a problem, the bill is paid.