PCard Training
Cardholder Training Part 5
Part 5: Competitive Quotes | Best Practices | PCard Charge Reconciliation | Travel Purchases | Supplier Diversity
Competitive Quotes
Best Practices
- Items purchased on a PCard should be shipped to the cardholder's USF system address.
- Contact PCard Services if you need permission to ship to a non-USF system address.
- Ask questions when in doubt about a purchase.
- Request a limit increase if the cost of your purchase is higher than your transaction limits.
- Notify PCard Services if you are leaving USF or switching departments.
- The cardholder should immediately stop using the PCard, destroy it, and contact PCard Services in order to complete the Account Closure Form.
- Original copies of your PCard receipts should be retained by your department for 5
years.
- Original copies of PCard receipts paid for using grant funds should be retained for 5 years after the final reporting date of the grant.
- Travel receipts should follow the travel department's receipt retention policy.
- Vendors should not charge your PCard until the item is shipped.
- Contact the vendor with any questions you may have.
PCard Charge Reconciliation
- PCard Transactions
- Must be approved in FAST within 7 business days.
- Once approved, any budget errors should be corrected in order to ensure the transaction posts to the General Ledger in a timely manner.
- Receipts are submitted with the signed monthly Activity Statement.
- Travel Transactions
- Must be associated with an approved Travel Request (TR) number in FAST within 7 business days.
- Once travel has occurred, all charges should be pulled into the Expense Report and submitted to the Travel Department within 30 days of the last day of travel.
- Travel receipts are submitted with PCard receipts and the signed monthly Activity Statement to pcardreceipts@usf.edu.
Travel Related Information
Travel Charges Not Allowable on PCard
- This applies to both airfare and hotels.
- This applies where self-parking is available.
- For example: Toll device, GPS device, roadside assistance, etc.
- This applies to upgrades beyond economy and coach seating.
This is not an all-inclusive list of prohibited items. Please see the Travel Manual
for further details.
Anytime a personal element is present in business travel a PCard should not be used.
Supplier Diversity
- What Is Supplier Diversity?
- A proactive business strategy that seeks to provide suppliers equal access to sourcing and purchasing opportunities. Supplier diversity encourages the use of suppliers from a diverse mix of ownership including women, minorities, and veterans.
- What we Do...
- Work with USF system purchasing agents, departmental buyers, and facilities, planning, and construction.
- Responsible for monitoring, implementing, progress tracking, and adjusting the USF diverse business utilization strategic plan.
- Identify and reward USF Supplier Diversity Champions!
- Why is Supplier Diversity important?
- Supports the USF Board of Trustees approved strategic initiative to increase spend with diverse suppliers.
- Drives competitive pricing and expands product categories and service offerings which, in some cases, can be larger than other competitors.
- Helps USF's supply chain better reflect the demographics of our community.
- How You Can Help...
- Include diverse owned businesses when making purchases.
- Make a "Good Faith Effort."
- Track and report spend for all PCard purchases made with a diverse business.
- Spend Reporting Form can be found at www.usf.edu/osd
- Remember every purchase you make no matter the amount, whether $1 or $100 million helps us reach our utilization goal.
- What is Our Goal?
*Addressable Spend, upon full supplier diversity program implementation as outlined
in the USFOSD Strategic Plan.
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- Addressable Spend is defined as spend that has the potential to be competitively sourced. This addressable spend number base excludes spend/payments to government entities, sub-agreements, utilities, DSOs, and employees as defined in raw data.
- Need Help Finding a Diverse Supplier?
- Visit the USFOSD website: www.usf.edu/osd
- Send an email: osd@usf.edu