- Category: Accounting Operations
- Published on Wednesday, 31 October 2012 23:12
- Written by Larry Simpson
- Hits: 12052
The Purchasing Card or P-Card is a Visa card that is designed to supplement or eliminate a variety of processes including petty cash, local check writing, low-value authorizations and small dollar purchase orders. It provides a more efficient, cost effective method of purchasing and payment for small dollar transactions.
The P-Card can be used for in-store purchases as well as mail, e-mail, telephone and fax orders. Each card will have pre-established monthly credit limits. Additional limits can also be placed on the dollar amount of each transaction and the number of daily transaction per day. The P-Card will have certain Merchant Category Codes (MCCs) blocked to prevent it being used with inappropriate or high risk vendors.
Purchasing Card Contract
Purchasing Card General Information
Purchasing Card Forms