Which additional information is captured in Level 2 purchasing card data compared to Level 1?

Level 2 purchasing card data captures more detailed transaction information compared to Level 1, specifically designed to provide a clearer picture of purchasing details for approval and reconciliation processes. The additional information that distinguishes Level 2 data includes the sales tax amount, the customer's accounting code, and the merchant's tax ID.

The inclusion of the sales tax amount allows businesses to understand the tax implications of their purchases, which is vital for accounting and auditing purposes. The customer's accounting code enables better tracking and categorization of expenses within an organization, facilitating financial reporting and analysis. Additionally, the merchant's tax ID can help streamline tax compliance and tracking for business purposes.

Together, these details enhance the level of granularity concerning expenditures, making it essential for companies that require precise reporting and accounting, especially for larger or more complex transactions. This increased detail is what sets Level 2 apart from the broader categories of Level 1 data, which typically consists of more general transaction details without the added specificity related to tax and accounting codes.