What additional information is captured at Level III compared to Levels I and II in purchasing card data?

Level III data captures additional transaction details that provide a deeper insight into the purchases made on a commercial or purchasing card, distinguishing it from Level I and Level II.

The most significant enhancement with Level III data is the inclusion of detailed transaction information such as shipping details and product descriptions. This additional information enhances the reconciliation process for businesses, allowing them to efficiently track and manage expenses. Shipping details are crucial for logistics, while product descriptions give clarity on the specific items purchased, facilitating better budgeting and financial reporting.

The other choices, while they may contain relevant information for business transactions, do not reflect the specific enhancements offered by Level III data. Suppliers’ names and total purchase amounts are captured in Level I data. Merchant category code and sales tax amount are part of Level II data, and account codes and tax IDs, while useful for financial documentation, do not encompass the primary distinguishing factors of Level III data as they relate to transaction specifics.