Purchase
Card Program FAQ's
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- What is the purchasing card?
- Are there spending limits associated with the purchasing card?
- How does the Purchasing system work?
- Can the purchasing card be used for travel?
- Do we pay sales tax?
- What do you do when returning an item or crediting a sales tax charge?
- Why are certain types of purchases or vendors restricted?
- Why was my purchasing card denied by the vendor?
A cost efficient alternative to issuing a purchase order or accounting coding document. Typical examples would be supplies, repairs and materials.
Are there spending limits
associated with the purchasing card?
Yes. The maximum single transaction limit is $1499.99 and the maximum monthly limit is $10,000. A billing cycle is approximately 30 days, ending on the last working day of the month.
How does the purchasing
system work?
When a card holder uses their purchasing card, the
vendor sends their transaction to
UMB Bank. UMB Bank pays the vendors. UMB Bank provides a file to the Controller
Division to download on Mondays. Once the file has been imported into
the Procurement Card System (PCS) by Controller, UMB Bank is paid. The
reconcilers are notified that the file is ready for them to reconcile.
Can the purchasing card
be used for travel?
No. Current travel policies remain in effect.
No. We do not pay sales tax for purchases from Nebraska vendors.
What do you do when
returning an item or crediting a sales tax charge?
The vendor needs to credit the purchasing card and you need to get a receipt for the credit. Code the credit the same way the charge was coded. If you have a charge with sales tax, the vendor normally will credit the original receipt and then process a new charge without sales tax included. This will result in three transactions in the PCS. If you do not receive a receipt for the credit, make a copy of the original charge receipt and indicate that this is a credit.