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This document serves as a training guide for the University of Denver's Purchasing Card Program, outlining the card usage, limits, policies, and procedures involved in managing the purchasing card.
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How to fill out purchasing card training
How to fill out Purchasing Card Training
01
Log in to the online training portal.
02
Navigate to the Purchasing Card Training section.
03
Read the introductory materials provided.
04
Complete each module by following the instructions.
05
Take notes on key information for the quiz.
06
Complete the quiz at the end of the training.
07
Submit your answers and review your results.
08
Print or save your certificate of completion.
Who needs Purchasing Card Training?
01
Employees who handle purchasing card transactions.
02
Managers overseeing budget and expenditure.
03
Finance department staff involved in procurement.
04
Any personnel required to make purchases on behalf of the organization.
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People Also Ask about
What is the difference between a purchasing card and a debit card?
A purchasing card is a company credit or debit card that employees use to charge goods and services on behalf of their employers, without having to go through the traditional purchase request and approval process.
What is the difference between a procurement card and a purchasing card?
P-cards are given to employees to make purchases on the business's behalf. They accrue a balance that must be paid in full every month. The purpose of a P-card (also known as a procurement card or purchase card) is to speed up the procurement process.
What is the difference between a business card and a consumer card?
While a personal credit card might provide additional rewards for dining and gas purchases, business credit is more likely to offer programs that benefit business-specific spending, such as additional cash back on office supplies purchases or corporate travel rewards.
What is considered a corporate card?
A corporate credit card is a card companies issue to employees to make work-related purchases. The business is liable to repay the balance on the cards, rather than the business' owners or the individual cardholders.
What is p-card training?
0:02 28:05 Training this training will provide an overview of the PECARD. Program policies and procedures theMoreTraining this training will provide an overview of the PECARD. Program policies and procedures the intent of the PECARD.
What is the difference between a corporate card and a purchasing card?
Purchasing cards can streamline the procurement process by allowing employees to bypass a potentially lengthy approval process. P-cards differ from corporate credit cards because the P-cards don't require employees to complete an expense report.
What is the difference between a corporate card and a purchase card?
P-cards are ideal for smaller, routine purchases and can simplify procurement by eliminating the need for purchase orders. Corporate cards, on the other hand, are better for larger expenses or travel and can offer more detailed spending tracking and control.
What is a purchasing 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.
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What is Purchasing Card Training?
Purchasing Card Training is a program designed to educate employees on the appropriate use of purchasing cards for business transactions, including guidelines for spending limits, types of allowable purchases, and compliance with financial policies.
Who is required to file Purchasing Card Training?
Employees who are issued a purchasing card or those who are involved in the purchasing process and financial management within the organization are typically required to complete Purchasing Card Training.
How to fill out Purchasing Card Training?
To fill out Purchasing Card Training, employees usually need to complete an online training module or a registration form, followed by a certification process that may include quizzes or assessments to confirm their understanding of the training material.
What is the purpose of Purchasing Card Training?
The purpose of Purchasing Card Training is to ensure that employees understand the proper use of purchasing cards to prevent misuse, ensure compliance with regulations, promote accountability, and maintain the organization's financial integrity.
What information must be reported on Purchasing Card Training?
Information that must be reported on Purchasing Card Training typically includes the employee's name, the completion date of the training, any assessed scores or evaluations, and confirmation of understanding of the purchasing policies.
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