Business English Lesson – Advanced Level's archive Corporate Credit Cards 1. Vincent Eavis explains that corporate payment card usage can be divided, but not limited, into two distinct categories: general business travel and entertainment activities (T&E cards) and business activities (purchasing or p-cards). acquirement acquisition preferment procurement 2. T&E spending varies according to a business's needs, whereas the proportion of purchasing that is now done on p-cards rather than by traditional payment methods is continuously increasing. cash direct invoice receipt 3. T&E expenses comprise the second largest controllable expense item for companies after salaries, consuming approximately 50 to 80 basis of a company's revenues. costs fractions points units 4. For T&E cards, the balance must be in full upon presentation of the statement, or within certain defined payment terms, typically around 25 days beyond statement date. approved audited checked cleared 5. This means no money is made on interest as with the consumer credit card model. rebated remaining returned revolving 6. These cards tend to be for travel and entertainment expenses such as air travel, hotels, rail, car hire and restaurants; the company card payments on behalf of the individual cardholder, which is known as corporate liability. bears extends forwards settles 7. There are also mid-way solutions such as joint and liability, where both parties (company and individual) can be liable. several single specific sundry 8. Typically, since corporate T&E cards are for business expenses, the preferred option to enable control should be corporate liability: the further liability extends to the individual, the less the company is going to be able to exert control and thereby the potential benefits. grasp pluck reap seize 9. P-cards are never paid an individual's bank account. against at into under 10. P-cards can eliminate several steps in the purchase- to-order process, and this eliminates the purchase order paper , which can save costs of anywhere from 60 to 100 per transaction. chase cycle glut trail . Business English Lesson – Advanced Level's archive Corporate Credit Cards 1. Vincent Eavis explains that corporate payment card. limited, into two distinct categories: general business travel and entertainment activities (T&E cards) and business activities (purchasing or p -cards) . acquirement acquisition preferment. procurement 2. T&E spending varies according to a business& apos;s needs, whereas the proportion of purchasing that is now done on p -cards rather than by traditional payment methods is continuously