Card spend matched, clearing accounts cleared
Corporate card activity arrives from the card provider, the expense tool, and the bank, and whatever does not line up sits in a suspense or clearing account until someone digs in. Every period, the Accounting Agent matches card transactions to the GL and works those balances down.
What the Accounting Agent prepares
- Card transactions matched to their GL entries and expense records
- The card statement balance reconciled to the card liability account
- Suspense and clearing account balances cleared, with each item resolved or explained
- Drafted entries for unrecorded or miscoded card transactions
- An exception list for transactions missing coding or a match
How it works
- Pull the data. The Accounting Agent pulls card transactions, statements, and expense data from your connected tools, plus the GL from your ERP.
- Prepare the work in your logic and format. It matches transactions using your rules, clears what ties, and lists what does not with its detail.
- Review and approve. You review the exceptions and drafted entries, then approve. The entries post to your ERP once approved, and not before.
What stays in your control
- Matching rules and coding decisions stay with your team
- Clearing and correcting entries post only after approval
- Every cleared item links to the card transaction and GL record behind it
Standard note
FAQ
How do you reconcile corporate card transactions?
Match each transaction on the card statement to its record in the GL, then investigate what does not match. The Accounting Agent does the matching each period and lists the rest with full transaction detail. The statement balance should also tie to the card liability account in the GL.
What happens to old items in a clearing account?
The Accounting Agent ties each item to its source, proposes a resolution, and drafts the clearing entry. Nothing posts until you approve.
Which card and expense tools does Ledge connect to?
Ledge has 150+ native integrations, with pre-built connectors across ERP, banks, payroll, and expense tools. Ask about your card provider in a demo.
