Get the free Purchasing Card Account Summary - fac-web spsu

This document is used for summarizing the charges made on a purchasing card by department and object code, ensuring that the total matches the card statement.

How to fill out purchasing card account summary

How to fill out Purchasing Card Account Summary

1. Gather all necessary documentation related to purchases made with the Purchasing Card.
2. Access the Purchasing Card Account Summary template provided by the finance department.
3. Fill in the cardholder's name and account number at the top of the summary.
4. List each transaction date in the appropriate column.
5. Detail the description of each purchase made.
6. Input the amount spent for each transaction.
7. Total the amounts at the bottom of the summary to ensure accuracy.
8. Attach any required receipts or additional documentation as specified by your organization's policy.
9. Submit the completed summary to your supervisor or designated approver for review.

Who needs Purchasing Card Account Summary?

1. Cardholders who have made purchases using the Purchasing Card.
2. Department managers who require oversight of spending.
3. Finance or accounting personnel responsible for budget tracking and reconciliation.
4. Auditors who may need to review purchasing activity for compliance.

People Also Ask about

What does "purchase credit card" mean?

What is a Purchase Credit Card? A 0% Purchase Credit Card is a Card that allows you to make purchases without accruing interest for a set amount of time. This can be useful if you need to buy something expensive, allowing you to spread the payment over an interest-free period.

What is the purpose of a purchasing card?

Purchasing cards allow employees to quickly and efficiently buy what they need, and automatically record all transactions. Procurement cards can be connected to a credit facility, or a bank account to work similar to a debit card.

What is a card card purchase?

More Definitions of Card Purchase Card Purchase means, you using your physical or virtual Card to purchase goods and/or services from a merchant by entering the details of your Card and/or your Card PIN.

What is card purchase?

Card Purchase means any transaction whereby the Card is used as payment for goods and/or services at online Participating Retailers.

What are purchases in a credit card?

A credit purchase is a financial transaction that allows individuals to buy goods or services on credit, essentially deferring the payment to a later date. In this article, we will delve into the meaning of credit purchases, their implications, and how monitoring them can contribute to overall financial well-being.

What is a purchasing credit card?

A purchasing card (also abbreviated as PCard, P-Card, or ProCard) is a form of company charge card that allows goods and services to be procured without using a traditional purchasing process.

What is a PCard in accounting?

The Procurement Card (PCard) simplifies the purchasing of most routine, low-value goods and services orders where the vendor does not accept purchase orders.

What is purchasing a credit card?

What is a purchasing card? 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.

For pdfFiller’s FAQs

What is Purchasing Card Account Summary?

The Purchasing Card Account Summary is a report that consolidates information about transactions made using purchasing cards, providing a summary of expenses and activities for accounting and budgeting purposes.

Who is required to file Purchasing Card Account Summary?

All departments and entities that utilize purchasing cards for transactions are typically required to file the Purchasing Card Account Summary to ensure accountability and proper financial management.

How to fill out Purchasing Card Account Summary?

To fill out the Purchasing Card Account Summary, one must collect transaction details from the purchasing card receipts, categorize expenses, and input the total amounts in the specified sections of the summary form, ensuring to adhere to any organizational guidelines.

What is the purpose of Purchasing Card Account Summary?

The purpose of the Purchasing Card Account Summary is to provide a clear overview of spending patterns, assist in tracking purchases, facilitate budget management, and ensure compliance with organizational policies.

What information must be reported on Purchasing Card Account Summary?

The Purchasing Card Account Summary must report information including cardholder's name, transaction dates, merchant names, amounts spent, expense categories, and any relevant authorizations or approvals required.