Company card: Meaning and Definition

What does company card mean?

Company card is another name for Corporate Card. A corporate card is a company-issued credit or prepaid card that employees use for authorised business expenses, providing centralised spending control, real-time visibility, and simplified reconciliation.

The two names mean the same thing. You will see "company card" in some ledgers, reports and contracts and "Corporate Card" in others. The full entry covers how it works, with examples.

Read the full definition of Corporate Card

Topics

Expense management

From the glossary

Related terms.

Expense management Corporate Card A corporate card is a company-issued credit or prepaid card that employees use for authorised business expenses, providing centralised spending control, real-time visibility, and simplified reconciliation. Also called company card, corporate credit card, business card Accounts payable Accounts Payable (AP) Money a business owes to its suppliers and vendors for goods or services received but not yet paid for. Also called trade payables, sundry creditors, payables GST basics GST (Goods and Services Tax) India's unified indirect tax that replaced multiple central and state levies, creating a single national market for goods and services. Also called Goods & Services Tax Financial reporting Balance Sheet A financial statement that presents a company's total assets, liabilities, and shareholders' equity at a specific point in time. Also called statement of financial position, statement of assets and liabilities Invoice processing Invoice Management The end-to-end process of creating, receiving, tracking, approving, and processing invoices for timely payments and accurate financial records. Also called invoice processing, invoice handling, invoice workflow Expense management Travel and Expense Management (T&E) Travel and Expense Management (T&E) is the end-to-end process of planning, booking, tracking, approving, reimbursing, and reporting business travel and associated employee expenses. Also called travel and expense, T&E management, travel expense management

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