What does Level 1 purchasing card data include?

Level 1 purchasing card data primarily includes transactional details that are less complex than data collected at higher levels of purchase card transactions. The correct option reflects the basic and essential data captured during these transactions, which consist of the total purchase amount, date, merchant category code, and supplier name. This information is crucial for tracking and reconciling purchases effectively.

This level of data is designed to facilitate straightforward verification and analysis, which is essential for both the cardholder and the organization’s accounting processes. The simplicity of Level 1 data makes it easy for organizations to manage expenditures without getting into the specifics of what was purchased, which is reserved for higher levels of detail in purchasing card transactions.