How does the system help with processing IB/CP corporate card charges?
When Payment Manager authorizes an IBCP batch and the batch is processed, two files are generated with the following filename extensions: .ibc and .igl. • The .ibc file contains all of the submitted expenses that have been approved and authorized for payment. This is the necessary information for you to tell the credit card company the amount of money to apply to the associated accounts. • The .igl file is the corresponding information with all the information for your general ledger. With American Express, you have the choice of automating this procedure by paying electronically. With this feature, when the batch is processed, a transmittal file is automatically created consisting of all the Amex charges and sent directly to American Express. Upon a successful transmission, the .igl file is created and put into your download directory, ready to be uploaded. American Express will expect to receive payment electronically within 24 hours.
