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Get the free PURCHASING CARD EXCEPTION FORM - depts ttu

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This form is utilized by Cardholders or Departments to request an exception to the PCard Guidelines. It requires approval from specified authorities and must include a detailed explanation for the
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How to fill out purchasing card exception form

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How to fill out PURCHASING CARD EXCEPTION FORM

01
Obtain the Purchasing Card Exception Form from the finance department or relevant website.
02
Fill in your name and department at the top of the form.
03
Provide the date of the transaction that requires an exception.
04
Describe the nature of the exception in the designated field, including reason for the exception.
05
Attach any necessary supporting documents or receipts related to the exception.
06
Ensure that all required signatures are obtained, including your supervisor's approval.
07
Submit the completed form to the finance department for processing.

Who needs PURCHASING CARD EXCEPTION FORM?

01
Employees who use purchasing cards for business expenses and encounter exceptions that need to be documented.
02
Managers or supervisors overseeing purchasing card transactions within their department.
03
Anyone within the organization who has incurred an expense not adhering to standard purchasing card policies.
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People Also Ask about

Downsides of Using Purchasing Cards Misuse Potential: Even with better oversight, there's a chance of fraud or personal use, which is tricky in tight budgets.
Sometimes referred to as procurement cards, procards or p-cards, purchasing cards are a type of corporate credit card designed to make the purchasing process easier for companies. These cards can help reduce inefficiencies in traditional purchase processes.
Essentially, a 0% purchase card gives you a set amount of time in which all the purchases you make using that card are interest-free. As you might expect, the length of the interest-free period differs from card to card – but it can be anything between a few months and a few years.
Downsides of Using Purchasing Cards Misuse Potential: Even with better oversight, there's a chance of fraud or personal use, which is tricky in tight budgets.
A purchase credit card differs from a regular credit card in that it offers an initial promotional interest rate on purchases that you make (rather than balance transfers) for an introductory period.

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The Purchasing Card Exception Form is a document used to report and explain any discrepancies, exceptions, or unauthorized charges made with a purchasing card.
Individuals who have made purchases using a purchasing card and encounter any exceptions or discrepancies, such as unauthorized transactions or errors, are required to file this form.
To fill out the form, provide details such as the date of the transaction, the description of the charge, the reason for the exception, and any supporting documentation. Ensure all required fields are completed and submit it to the appropriate department.
The purpose of the form is to document and address any issues related to purchasing card transactions, ensuring compliance with financial policies and facilitating proper accounting.
Required information includes the transaction date, amount, vendor name, explanation of the exception, and any relevant receipts or supporting documents to validate the claim.
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