Leveraging project data is critical to assess profitability, but reconciling expenses can be time-consuming and labor-intensive, especially for businesses in the construction industry. With Truss Cards, construction companies can sidestep a lot of the administrative time and guesswork out of reconciling and assigning your construction expenses while taking advantage of all the benefits of a regular credit card.

Construction projects involve a complex web of moving parts – and the employees that keep it all moving. When multiple jobs are happening simultaneously, a trip to the local building centre can run up a huge bill, leaving a confusing mess of unreconciled receipts in its wake. Picking credit card and bank statements apart to match a particular expense with its corresponding project (also called cost/expense reconciliation) can be a nightmare. Still, it must be done to recoup costs and accurately reflect the projected versus actual spending amounts.

Truss Cards clean up a lot of that financial mess with construction payments. Using business credit cards, contractors can easily **separate, limit, track, and reconcile project expenses *in real-time***, so nobody has to hunt between truck seats for old receipts. Here’s how construction credit cards can simplify your day-to-day project spending.

Organize card spending by project

Ever had to go line-by-line down a credit card statement, identifying each purchase so you can assign it to the correct construction project? It’s a painful process that most construction businesses have endured, and there’s always a fear that you’ve misfiled an expense to the wrong client.

Incorrectly filed expenses can lead to frustrated clients. They can also mess with a business’ analysis of its construction budget versus actual spending on a project, potentially skewing your view of the profitability of a project and muddying the waters for future bids.

With Truss Cards, you can clear all that up before any spending occurs. Assign separate virtual cards to each project and assign a spending limit, so each spend is correctly allotted to each project the moment it happens, making spend tracking easy and worry-free.

Access all the benefits of construction expense cards

Increasingly, materials, tools, and supplies purchases happen online in the digital world. Business credit cards make these transactions fast, easy, and secure.

You make these online payments often and for large amounts. It makes sense that you want to take advantage of all the unique benefits that commercial cards offer for each purchase. Truss Cards let you pay online like any other credit card.

Take advantage of the increased security features that come with commercial card use. You can even downsize the worry by issuing a preset spending limit on each individual card to avoid overspending.

Reconcile payments in real-time

It can take days or weeks for office staff to receive paper receipts to reconcile expenses. During that time, you may have to make a draw request or pay a bill without the benefit of proper records.

With Truss Cards, employees who use the card will receive a prompt by text message to upload an image of the receipt using their phones, which will automatically match up to the line item on your card’s statement. No more waiting for receipts to come into the office, all crumpled and coffee-stained, and trying to match them up with your accounts. Have all the records you need in digital format on the same day as the card expense occurred.

Get Your Construction Card Spend Under Control

Are you ready to get control of your business spending with individual spending limits, project-specific cards, and automated receipt upload on your construction payments? Get started with your free Truss account now.