Purchasing Card Transactions

Publication Date: February 15, 2019

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A purchasing card program is an efficient and cost-effective method for procuring small dollar, high volume purchases. Purchases for goods and services must be supported by appropriate documentation, have a valid business purpose, and be in compliance with policies, procedures, laws, and tax requirements. Various constituents across the organization are responsible for ensuring the safeguarding of assets to avoid fraud, abuse, waste, and any real or perceived conflict of interest.

Authors:

Christine Heise, University System of New Hampshire

Ashish Jain, University System of New Hampshire