
Corporate Card Reconciliation: Match Every Employee Charge Before Month-End Close
Reconcile corporate cards weekly, not monthly — matched receipts, netted refunds, and repaid personal charges keep you inside the IRS 60-day window.
#month-end-close
Streamline month-end closing procedures and checklists

Reconcile corporate cards weekly, not monthly — matched receipts, netted refunds, and repaid personal charges keep you inside the IRS 60-day window.

Since Visa's Level 2 sunset, only verified Level 3 line-item data earns preferred B2B rates — everything else clears at higher standard commercial interchange.

Automated matching cuts the average 6.1-day close to 3.4 days — connect bank feeds, match daily, and clear every exception before month-end.

Bank reconciliation proves your cash balance monthly: match outstanding checks, deposits in transit, fees, and NSF items before the IRS notices the gap.

Your books and bank statement disagree over timing, fees, and errors — adjust both sides monthly until they land on one true cash figure.

Split current from non-current debt, give every loan its own account, and zero suspense balances monthly — an IRS-ready COA for lenders and auditors.

Total debits must equal total credits before you close — the trial balance proves it, then feeds your balance sheet.

BNPL fees netted at the source understate revenue and break the IRS Form 1099-K tie-out — book gross sales with a refund liability instead.

Daily bank-feed matching keeps your ledger within a day of reality, cutting the median 6.4-day close to hours instead of weeks.

inFlow's Xero update syncs payments both ways, carries tracking tags into Xero, and maps payment methods to accounts — ending double-entry.

Books Close costs $8 per client per month after its free beta — worth it when it saves your practice more than a few minutes per close.

QuickBooks retired Classic reports for all standard and saved custom reports — audit the accounting method, date range, and filters on each migrated report.