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reating DATABASICS Ad Hoc Reporting-Building a Credit Card Reconciliation Report

January 7, 2025

Creating a credit card reconciliation report is a critical process that helps businesses maintain control over their credit card spending. Here's how this report enables better financial oversight:

1. Monitor Credit Card Spend by Expense Type:

   • Categorize expenses based on types (e.g., travel, office supplies, meals).

   • Analyze trends and ensure spending aligns with budgets and policies.

2. Reconcile Applied vs. Unapplied Transactions:

   • Match each credit card transaction to corresponding entries in expense reports.

   • Identify applied transactions (those successfully accounted for) and unapplied transactions (those not yet matched).

3. Track Monthly Spend:

   • Ensure total credit card expenses match the sum of applied and unapplied transactions.

   • Spot any discrepancies that require further investigation.