What is it?
A Procurement Card (Pcard) is a corporate billed, corporate paid credit card used for payment of goods and services where the total dollar value is below the Procurement Policy threshold.
Why is it important?
It is University Policy to use a Procurement Card for departmental and research purchasing where it is efficient, economical and operationally feasible to do so.
Cardholders are required to reconcile their Pcard transactions on a monthly basis by reviewing the transactions, updating the tax amounts, and allocating each one to the appropriate FOAPAL. The original supporting documentation and statement is then forwarded to Accounts Payable once it has been reviewed and signed by the cardholder’s supervisor.
Where do I find more information?
Information on procurement cards and how to obtain them can be found through Procurement Services.