Do your employees need company credit cards?
If you're constantly buried in a sea of expense reports, issuing company credit cards to employees who routinely spend money on behalf of the business is a perk to consider. But it may not be appropriate in every case, says Aaron Eidelman, a partner with New York City accounting firm Goldstein Golub Kessler & Co., P.C.
Depending on the nature of the expenses, a company credit card may streamline your accounting processes. But, cautions Eidelman, it won't eliminate expense reports completely because employees will always have expenses-such as parking and taxis-that can't be charged.
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