Which statements are true about corporate credit cards in QuickBooks Online?

The statement that accounts for individual cardholders are set up as subaccounts is accurate because using subaccounts for each cardholder allows for better organization and tracking of expenses in QuickBooks Online. This structure enables a business to manage corporate credit card transactions tied to specific individuals while keeping the overall corporate card account consolidated. By having subaccounts, it becomes easier to generate reports that reflect spending by each cardholder, thus providing a clearer picture of how corporate funds are utilized.

Other choices present limitations or inaccuracies that do not reflect the flexibility and functionality offered by QuickBooks Online. For instance, having only one user access a corporate credit card account contradicts QuickBooks' collaborative nature, where multiple users can access and manage financials depending on their assigned user roles. Moreover, recording payments through bank transfers is not the only method available; payments can also be logged directly through credit card transactions or other methods. Lastly, expenses can be tracked not just under the master card account but also under individual subaccounts, contrary to the suggestion that they can only be recorded under the master card account. This flexibility is crucial for businesses that need detailed tracking and accountability.