P-Cards

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If you are involved in purchasing or financial decision-making for your company, you have likely heard the excitement surrounding virtual credit cards (also known as

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Accounting rules state that employee expenses should be reported during the period in which they are incurred. The IRS says expenses should occur within a “reasonable” period of time, which it

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There are several complexities regarding the way in which some jurisdictions’ p-card programs handle incentives—or rebates—for grant-funded card spend. Any AP professional involved in

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A virtual payment card is, as its name suggests, non-physical—it’s a 16-digit account number, just like a credit card, but there is no actual card. Generally, it is for a one-time use; that is, a

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The purpose of setting up an end-to-end procure-to-pay (P2P) process is to achieve maximum efficiency and lowest cost while gaining visibility and control in purchasing and paying for goods and

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In a recent IOFM P-card survey, the opportunity to receive rebates was cited as the second most important benefit of a card program by nearly half of the respondents. Rebates or revenue share enhance

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P-card programs have come a long way since the first purchasing cards came into use in the late 1980s. “When we think of p-cards, we typically think about the traditional ‘card in hand’ type of

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