Pcard Reconciliation General Guidance & Training PowerPoint
General Information
- Pcard transactions are processed by JP Morgan Chase approximately within two business days
- Individual transactions are posted daily to monthly Statement Reports in Concur.
- The closing date for the monthly cycle will be on the 6th day of the month.
- Unallocated charges need to be reconciled by the 15th of the current month.
- Charges will be uploaded into SAP by the 30th of the current month. The charges will then post to the allocated accounts
- Concur’s workflow process provides a paperless filing system, including visibility of receipts, status of statements and final approvals
- Statements that have not been reconciled by the last day of the month will have their monthly balance posted to cardholders default account and cards will be suspended.
Reconciliation Process
- Reconciler logs into Concur
- Reviews Statement Report
- Assigns Expense Type
- Allocate transactions to appropriate account
- Business Purpose
- Attaches copy of digital receipt/purchase documentation
- Submit Pcard Statement for Approval
- All Statements must be completed by 15th of the month
Attachments
| File Name | Download |
|---|---|
| Pcard Reconcilation Directions.pdf | Download |
