Credit cards can help companies streamline their purchasing and spending, but they don’t come without a few drawbacks. Consider these pros, cons and cautions to make sure you’re maximizing the benefits and minimizing the risks of corporate credit card usage.
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Contributed by Jeremy L. Witmer, CPA, CVA, CFE, Senior Consultant in RKL’s Business Consulting Services Group. He provides forensic accounting, litigation support and business valuation services to companies and organizations across a number of industries. Jeremy’s expertise includes reconstruction of financial records, employee theft investigation, damage calculations for litigation purposes, and valuation of stock for gifting, buyouts and marital settlement.
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