Managing Credit Cards - Some Make it Works

On Tuesday, June 28, 2011, a representative from Bank of America's purchasing card division spoke to our group about ways the Bank of America Works online software can assist us with managing credit cards. Through the Works program, administrators can establish overall credit limits by cardholder, purchase limitations by MCC code (merchant category code), purchase-by-purchase limits, and dollar limits by day, purchase level, or by month.

The Works program also allows online statement delivery and exporting of transactions into batches that can be imported to accounting software GL or AP programs.