3.0 Purchasing Card Process Overview
Cardholder makes a credit card purchase, or Responsible Cardholder of Department PCard authorizes transaction for check out of Department PCard for purchase to be Individual made.
Individual Cardholder gives itemized receipt to the Reconciler. Responsible Cardholder of the Department PCard receives receipts and PCard back from person who has been authorized to check out the Department PCard for the transaction.
Reconciler scrutinizes original itemized receipt and reconciles charge. (The Reconciler/Fiscal Officer has 14 calendar days (Includes eDoc Date) to both reconcile and approve).
Approver scrutinizes itemized receipt, reviews reconciliation and approves charge (The Reconciler/Fiscal Officer has 14 calendar days (Includes eDoc Date) to both reconcile and approve).
Both Reconciliation and Approval processes are mandatory.
Fiscal Officer or designated individual reviews monthly statement and forwards documentation to FSO (statements should not be sent to FSO).
PCard Office conducts weekly transaction reviews for compliance with PCard Policies.
FSO Compliance performs post transaction reviews for compliance with PCard and University Policies.
PCard transaction documentation is retained on-line by FSO for 10 years.