Purchasing Card Reconciliation
What P-card holders need to do when they have received an email notification to reconcile PCard Transactions
Holders of a purchasing card, also called a PCard, are responsible for reviewing, reconciling, and submitting their individual PCard transactions in the Shared Financial System, SFS. Full Purchasing Card Reconciler Business Process Guide is here.
This document covers what you, the card holder, need to do when you have made a purchase and received an e-mail from email@example.com with the subject Your Procurement Card Transaction(s) Have arrived
Whenever making a purchase you need to be able to answer who, what, where, when and why for each purchase. Between the Business Purpose and Attachments make sure all of these questions have been answered. Pretend you are explaining your purchase to someone who has no background knowledge of your program or what the mission of CFYE is.
Business Purpose -- Card holders MUST enter the justification into the system (There needs to be one and I cannot edit that field once you send the transaction to me, make it detailed especially if it is an odder purchase or something that we could have gotten through ShopUW+)
Attachments -- Card holders ARE ENCOURAGED TO upload attachments - receipt, and for meeting/event expenses, attendee list and agenda, for events also link to marketing. I can add this information into the system too, so if you are pressed for time you can send those documents to me as you have been and I can upload them for you.
Distribution -- Card holders ARE ENCOURAGED TO edit the funding string. Cards for folks at coordinator level are tied to the program they work in, so you should be able to leave the Fund and Dept codes alone unless you made a purchase for another area of the office, or you are paying for professional development. Assistant Director & Director cards are tied to the general CFYE funding, any program specific purchases need to be changed to that Dept (and Fund if you are paying for a GUTS expense).
Account code is defaulted to 3100, which is general supplies, most of the time this number will need to be changed, but the good news is that I have the ability to edit whatever you send to me, so don't stress this one!
Here are common codes that our office uses:
3165 - Food & Food Service Contracts
2620 - Services- Professional (you paid for a service rather than a physical thing, I use this for Mailchimp, Calendly, Canva, E-ZText, etc.)
3700 - Postage
Professional Development Specific costs:
3730 - Memberships to professional organizations
2801 - Long Distance Transportation (flight, bag fees)
2821 - Local Transportation (Airport shuttle, Taxi, Train, from airport to conference location, also for parking at airport while on a trip)
2841 - Registration Fees for Conferences and Workshops
2851 - Lodging
Program Code is set to 0 which is student services, leave it alone, rest of the fields leave blank.
Here's the KB I made about funding strings which lists all the Departments CFYE has https://kb.wisc.edu/cfye/internal/87570