However, firms should be careful to choose a card that offers the services and features they require. Check whether charging and cash withdrawal privileges can be limited. Some cards are not paid on time. Inquire about any late fees or interest charges that may be incurred. Examine report samples to see if the level of detail provided is adequate for your needs.
Some vendors can deliver the data on diskette for further analysis.
Such coverage can be offered at no charge because they are so rarely used. More detailed reporting A major benefit of having a corporate card is tailored expense reports and analyses. These reports can offer some much needed relief to overworked accounting departments that no longer have to individually enter each expense. The type and frequency of reports vary greatly. Data can be reported according to variables such as vendor, city, cardholder or expense type.