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Understanding the Bank of America Corporate Credit Card Website

Picture of Rachel Barnett
Written By
Rachel Barnett
I get a lot of questions about Bank of America and its corporate credit cards.
 
In this blog post, I’m going to walk through the BoA website with my credit cards as an example. Answering the most common questions I get.

BoA Website & Corporate Credit Cards

Bank of America Business Advantage 360 account with a corporate credit card that has one physical card associated with it

When I log into BoA at the top of the screen it says Business Advantage 360. That’s the type of account I have.

Further down under Business Accounts it lists my Alaska Airlines branded corporate credit card with an account number ending in 9640.

What I have in my pocket is a card ending 9723. 

When I make payments they get applied to the corporate account ending in 9640. All charges get applied to the physical credit card, 9723.

Normally these would not have negative values. Let’s take a look at the account summaries to see what’s going on.

Physical CC Account Summary

If I click on the card ending in 9723 it opens the Account Summary.

In the Activity tab, it shows a list of transactions. 

Account summary for a Bank of America CC with a negative balance.

The first transaction is a charge for the RightTool Chrome extension.

The second transaction is a refund from Amazon. This is why I have a negative balance, because of the refund.

This card has a $0.00 beginning balance. That’s because every month the total, no matter how much, gets rolled into the corporate account.

Corporate Account Summary

If I switch over to the Corporate account you can see it has a balance of -$1,966.88.

Corporate Credit Card account summary in Bank of America

I had a balance of $3,033.25 then I made a payment of $5,000.13.

I didn’t need to make a payment that large. Which is why this account is in the negative. I always prefer to overpay just in case. 

Statements & Documents

Statements can be found in the Statements & Documents tab of the Corporate Account Summary.

How to get to statements for a Bank of America corporate credit card

Viewing a Statement

Bank of America corporate credit card statement

I only have one cardholder card so there’s only the 9723 card activity listed.

Further down on the statement is a list of all the transactions. At the top are the corporate account transactions, which are all payments. Then the transactions from the 9723 card, which are all charges.

Bank of America corporate credit card statement

In QuickBooks

I only have one register for my corporate credit card in QuickBooks. That’s because I only have the one physical card. If you’d like to see what this looks like check out: Connecting a Corporate Credit Card to QuickBooks Online With Only One Cardholder

If you have multiple cards under a corporate account check out: How to Enter a Corporate Credit Card With Cardholder Accounts Into QuickBooks Online

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Below is a video if you prefer to watch a walkthrough.

If you have questions about Bank of America credit card bookkeeping click the green button below to schedule a free consultation.

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This content is for information purposes only and should not be considered legal, accounting, or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Gentle Frog, LLC does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Gentle Frog, LLC does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.

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