Hello. Seamas Matchett (Supervisor, Accounts Payable) and Izzie Kingsley (P Card Accounting Assistant) here with some tips for reconciling your Procurement card. Procurement cards are also known as Pcards and Purchasing Cards.
This week we’ll tell you a bit about Pcards. Next week, we’ll share a helpful tip for reconciling on time each month.
What are Pcards?
A Procurement Card is a corporate billed, corporate paid credit card used for non-travel or entertainment related payment of goods and services where the total dollar value is below the Purchasing Policy threshold.
In plain language …
- Pcards can be used to pay for approved low dollar value goods and services.
- Pcards cannot be used for travel or entertainment,
- The university pays the bill, so you won’t be out of pocket while you apply for reimbursement (i.e. like the travel and expense system).
How does eShop impact how I use my Pcard?
In short, it doesn’t. Pcards are not going away.
eShop provides you with another way of obtaining approved goods and services. Order through eShop and you won’t be out of pocket (i.e. like the travel and expense reimbursement system) and you won’t have to reconcile expenses (like Pcard)!
How can I find out more about Pcards?
- Information on procurement cards and how to obtain them can be found through Purchasing Services or by reading the Procurement Card Policy (listed alphabetically on the University Secretariat website).
- Need Help? Purchasing Card System training, which covers reconciling transactions, is offered each summer through the FACTS program.
- Need Help? The Pcard User Guide has step by step instructions for reconciling your Pcard and other helpful information.