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Save your department budget! For every $1000 spent, limited purchase checks can save your department $65 in sales tax.
Ever want to pay a store cashier immediately for goods purchased on behalf of the University? How about paying a restaurant for a business meal using the check on the way out? The Limited Purchase Check is a real check that buying departments can issue directly to restaurants, stores and vendors for small dollar purchases amounting to less than $1,000. This presentation will provide information about the program including: effective uses, common mistakes, how to sign on to the program and restrictions..
Participants will gain working knowledge of LPC prohibitions, positive pay procedures and LPC users guide..
Custodians and/or authorized signatories will be expected to pass a quiz with score of 80% or better in order to be authorized for LPC use..
This class is held at the Park Building in Room 404. |
