What is a company credit card?
Company credit card can be defined in several ways. It can be a card available for use for all members of the company, especially a small company. These cards can be used as the main means to buy things on a daily basis. Alternatively, the company can issue a credit card to several employees, especially those who have to travel for business and have to pay for expenses you do business along the way.
The company is responsible for paying accounts for both types of credit card credit, assuming that their use is strictly for approved business expenses. This can cause some problems and people have to pay attention to maintaining careful income and records when they use cards. The employee may be responsible for fees that are not really business expenses, and the purchase of things on a card that is not really associated with trade may in some cases the cause of the work.
It is true that some employees abuse the company's credit card, but with is proceeding in detailed statements, it is likely to be discovered quickly. Sometimes accidental abuse occurs. When people are used to paying for cards with cards, it is very easy to pay for things with a bad card. If an employee notes a random purchase with a company credit card, he should immediately inform the employer and be ready to immediately compensate the company.
There is a more complicated problem when employees buy things that are legitimate business expenses for the same, buying things for personal use. The key to ensuring that the company does not buy things that is not related to its trade is again a detailed organization of the confirmation. One way to prevent this is to ask for separate transactions in purchasing, which includes business and personal expenses, and then pay the company and personal card for these transactions.
Sometimes, KTThey have a business credit card in their name, wondering if they could be able to take advantage of the benefits offered with a card such as frequent miles of pilots. The decision to allow the employee to use benefits or gift points must be on the employer. If it is unclear, employees should check with their employer to use any benefits. The company might want to accumulate them to provide gifts to employees or save money for air transport.
One way to avoid using a company credit card is to create a method of payment for business expenses of employees. This also includes employees who turn into income but give companies less ability to investigate fees. Many of them find that the company's credit card offers greater comfort than the confirmation/reimbursement method. Another advantage of credit cards over the receipt/payment method is that employees with small available personal cash or loan will not be placed in an embarrassing situation where nEmohou issuer legitimate business expenses.