Get the free P-CARD STATEMENT OF AUTHORITY

1 Apr 2017 ... The procurement card is a nontransferable financial instrument assigned university employees with appropriate purchasing authority. These employees ... The PA is primarily responsible

How to fill out p-card statement of authority

1. The first step in filling out a p-card statement of authority is to gather all necessary information. This includes the name and contact information of the individual or department requesting the p-card, as well as the supervisor's information.
2. Next, it is important to clearly state the purpose for which the p-card is being requested. This could be for general procurement purposes, travel expenses, or specific project-related expenses. Providing a detailed explanation can help streamline the approval process.
3. In addition to the purpose, it is essential to outline the specific spending limits that will apply to the p-card. This includes setting a monthly, quarterly, or yearly spending limit, as well as any restrictions on certain expense categories.
4. The next section of the statement should include the authorized procurement list. This list will outline the types of purchases that can be made using the p-card. It is important to be as specific as possible to avoid any confusion or unauthorized purchases.
5. Along with the authorized procurement list, it is important to specify any procurement policies or guidelines that must be followed when using the p-card. This may include obtaining multiple quotes for purchases over a certain amount, or obtaining approval from a higher authority for certain types of purchases.
6. Finally, the statement of authority should include the signatures of both the individual or department requesting the p-card and their supervisor. This signifies their agreement to abide by the terms and conditions outlined in the statement.

Who needs a p-card statement of authority?

A p-card statement of authority is typically required for individuals or departments within an organization who have been granted the authority to use a company-provided purchase card. This statement not only helps to establish the necessary spending limits and guidelines, but also serves as a record of agreement between the cardholder and their supervisor. It ensures that all parties are aware of the expectations and responsibilities associated with using the p-card.

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What is p-card statement of authority?

The p-card statement of authority is a document that authorizes an individual to use a purchasing card (p-card) on behalf of an organization.

Who is required to file p-card statement of authority?

Employees who have been authorized to use a p-card on behalf of their organization are required to file the p-card statement of authority.

How to fill out p-card statement of authority?

The p-card statement of authority can typically be filled out online or with a paper form provided by the organization. It usually requires basic information about the cardholder and their responsibilities.

What is the purpose of p-card statement of authority?

The purpose of the p-card statement of authority is to ensure that only authorized individuals are using the p-card and to clarify the responsibilities of the cardholder.

What information must be reported on p-card statement of authority?

The p-card statement of authority typically requires the cardholder's name, contact information, department, supervisor's name, and a list of authorized purchases.

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