You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Reconcile Credit Card Expense Clearing Account

in Expenses 3 comments

Summary:

Our Finance Organization is being asked to substantiate the balance of the Corporate Credit Card Expense Clearing account. While I understand the nature of the "Holding Account" for unprocessed Credit Card transactions there are many different factors that can contribute to the balance of the Clearing Account:

-Unprocessed Transactions

-Mid-Month Statement Cycles

-Processed CC Transactions in future periods

-Future Period Statement Cycle CC transactions processed in current period being closed

While these are just some of the nuances, there does not appear to be a set of tools that can be easily implemented to reconcile/substantiate the balances that exists in this account. Are there delivered reports or OTBI analysis that can be used to support this governance/control request?

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!