Accounting Best Practices with Steve Bragg cover image

ABP #4 - Controls for Procurement Cards

Accounting Best Practices with Steve Bragg

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Procurement Card Policies

A single person in charge of monitoring all of the charges can do so fairly efficiently. Don't split a large purchase into smaller dollar amounts to stay under a purchasing limit. The procurement card is not to be used for capital purchases. You don't want employees accessing cash through the cards for any reason whatsoever.

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