that's strictly for reimbursing an employee for an expense.
Good catch. I’ve been audited before, so I err on the side of caution and keep as much documentation as reasonably possible to substantiate business expense claims. Electronic storage is cheap, and audits are unpleasant.
I don't think so. You could go buy $1000 worth of gift cards to give to your family on a business credit card versus legitimate business expenses. The receipt shows what you bought, a credit card statement only shows the amount.
thanks
No, the CC company actually has line-item information for almost all purchases (fall-back transaction processing and really old terminals are likely excluded).
Theoretically you can get your hands on that information.