Company Credit Cards
System
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I'm thinking about basing my "project" on improving control systems and cashflow for the payment of suppliers. What I'm not sure about is how company credit cards work so to speak.
Can you set up direct debits against them for the payment of utility bills for example?
Is the interest free period the same as it would be for an individual?
Could you set it up so that two signatories are required for any transaction?
What steps could you take to prevent the fraudulent use of the card? My employers refuse to let us pay suppliers by BACS because of the potential for fraud so how could the use of a credit card be more secure?
If anyone has any ideas about the above or could point me in the right direction to find the answers to these questions, I'd really appreciate it.
Can you set up direct debits against them for the payment of utility bills for example?
Is the interest free period the same as it would be for an individual?
Could you set it up so that two signatories are required for any transaction?
What steps could you take to prevent the fraudulent use of the card? My employers refuse to let us pay suppliers by BACS because of the potential for fraud so how could the use of a credit card be more secure?
If anyone has any ideas about the above or could point me in the right direction to find the answers to these questions, I'd really appreciate it.
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Comments
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Re:Company Credit Cards
Hi
Different companies have different procedires, but the company I work for and companies I have worked for do use credit cards.
The overall control and repsonsibilty for the account and payment of the balance stays with the company. Each card user (i.e. sales rep or pilot) has a card which they are allowed to use for relavant expenses (i.e. subsistence) in the way anyone uses a card. They submit the receipts for us to match with the statement.
Neil0 -
Re:Company Credit Cards
Hi
Different companies have different procedires, but the company I work for and companies I have worked for do use credit cards.
The overall control and repsonsibilty for the account and payment of the balance stays with the company. Each card user (i.e. sales rep or pilot) has a card which they are allowed to use for relavant expenses (i.e. subsistence) in the way anyone uses a card. They submit the receipts and analysis for us to match with the statement.
Neil0