msbelle, my company three companies ago had those kind of company credit cards. What really sucked, was of course the company took much much longer than the billing cycle to pay it out.
Natter 56: ...we need the writers.
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
having a business credit card that the holder (employee) has to pay
What makes it a business credit card then?
I wonder who is funding that study...
Manolo Blahnik.
does this make sense to anyone....having a business credit card that the holder (employee) has to pay - to get reimbursed for any chrages, the emp-loyee has to submit an expense report and receipts.
That's how ours were at my old firm. Annoying.
does this make sense to anyone....having a business credit card that the holder (employee) has to pay - to get reimbursed for any chrages, the emp-loyee has to submit an expense report and receipts.
yup. Dh's works that way. and the companywas often slow to pay - which worked until people started paying the bills late and couldn't travel.
and it is a corporate card because the ultimate responsibility for the card is the company.
Makes no sense to me. My corporate card bill goes right to accounting, accounting hands me a copy so I can attach the receipts for the billing period, and it gets paid.
If I forget to put a business expense on my card and take it out-of-pocket, I just fill out an expense report and I get it in the following paycheck.
yup. Dh's works that way. and the companywas often slow to pay - which worked until people started paying the bills late and couldn't travel.
and it is a corporate card because the ultimate responsibility for the card is the company.
For whatever that's worth. If you pay late, it goes on your credit. If you don't pay, the collectors come after you.
I guess they take care of the annual fee?
I get emails from our accounting system when new charges hit my Amex to ping me to go in and allocate them. If approvals are needed those get sent and the system pays the card. Easy peasy, but also - the company is so much more in control this way, so I can't see how it's not a win on both sides.
huh, ok. I guess much more common than I realized. I've always worked where a business card could ONLY be used for business expenses and the company paid the bill, but you had to supply receipts.
If you pay late, it goes on your credit. If you don't pay, the collectors come after you.
The company I was talking about didn't do that - the card had your name on it, but the card was in the name of the actual company. It was the employees paying the cards off late that finally got them to speed up their pay cycles on expense reports.