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PURCHASING CARD POLICIES AND PROCEDURES MANUALJune 2015TABLE OF CONTENTS 1.2.3.PROGRAM OVERVIEW31.1Purpose31.2Program Benefits31.3Credit Card Company3PURCHASING CARD CONTROLS32.1Purpose32.2Reason
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How to fill out purchasing card controls

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How to fill out purchasing card controls

01
Understand the organization's purchasing card policy.
02
Gather necessary documentation for each purchase.
03
Determine the appropriate spending limits based on the policy.
04
Fill out the purchasing card application with personal and organizational details.
05
Submit the completed application to the finance department for approval.
06
Once approved, attend any required training sessions on proper purchasing card usage.
07
Regularly review and reconcile purchases against receipts and monthly statements.

Who needs purchasing card controls?

01
Employees responsible for making company purchases.
02
Financial departments overseeing expense management.
03
Managers who allocate budget for different departments.
04
Auditors ensuring compliance with spending policies.
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Purchasing card controls are guidelines and regulations set to manage and oversee the use of purchasing cards, ensuring that expenses are tracked, legitimate, and comply with organizational policies.
Typically, departments or individuals who utilize purchasing cards for business transactions are required to file purchasing card controls to maintain transparency and accountability.
To fill out purchasing card controls, individuals should gather all relevant transaction receipts and documentation, complete the required forms or reports accurately, and submit them to the appropriate department or governing body as per institutional guidelines.
The purpose of purchasing card controls is to prevent misuse of funds, ensure proper record-keeping, monitor expenditures, and promote financial accountability within an organization.
Individuals must report details such as date of purchase, vendor information, transaction amount, purpose of the purchase, and any applicable receipt or documentation.
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