When a company gets a credit card statement, the finance team should check the expenses right away against the company's own records. It might be easier to work out any problems now instead of later.
Corporate credit card reconciliation is the process of comparing and confirming the transactions on the company's credit card statements with the accounts in the company's ledger. Most of the time, this is done to make sure the transactions are real and right.
Any problems that come up during the process need to be fixed as soon as possible. This is a key part of closing out a business's books. Every business has its own schedule, which could be every two weeks, every month, or something else.
