TSS - Reconciling PCard Transactions in PeopleSoft

Reconciling PCard Transactions in PeopleSoft

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First Published  :Thu Sep 18 17:23:27 GMT 2014
Last Modified  :Fri Mar 31 19:46:15 GMT 2017
Last Published  :Fri Mar 31 19:46:15 GMT 2017
Summary :  This article provides information pertaining to Pcard transaction approvals and reconciliation.

Response

Primary Information

    Purchases made on the Procurement Card (PCard) must be reconciled in PeopleSoft. System access is required. For system access, please email peoplesoftfinancials@tufts.edu. Purchases made on the PCard are available for approval in the PeopleSoft Procurement Card System, typically within three to five days of the actual purchase.

    Cardholders and/or departmental proxies are able to view charges online and, if necessary, distribute charges to the appropriate PeopleSoft Chart fields. A charge will automatically post to the default PeopleSoft Chart fields (DeptId or grant) in 21 days if the Cardholder or Proxy does not approve it.  Not approving in PeopleSoft may result in extra paperwork by the Cardholder and/or Proxy to reallocate funds.  Within PeopleSoft, a user can include a justification for the charge(s).  However, once the expense has been posted, a justification cannot be made retroactively (although an attachment can be made to a line of entry).  

    You may attach PCard receipts in PeopleSoft. See page 13 of the
    Guide to PCard in PeopleSoft for instructions.

    A cardholder may dispute any charge that appears on the Procurement Card system. If there is a charge that is not recognized by the Cardholder or appears to be incorrect, the Cardholder must submit a dispute form (see below in related information) within 15 days after the transaction date. A copy of the form should also be mailed to TSS at 62R Talbot Avenue.  The form should be faxed to JP Morgan Chase at (847) 622-2495.

    During JP Morgan Chase’s investigation, they will issue a credit to the Procurement Card account in question for the disputed amount. When the investigation is complete, the cardholder will be notified of the resolution. If unsatisfied with the resolution, please contact TSS.

    If you are waiting for a credit from a supplier and do not receive it, you should file a dispute. JP Morgan Chase will automatically give you a credit and work with the supplier. Please remember, credit processing can take up to 30 days.

    See How to Obtain a Procurement Card (PCard) for more information. The user will receive an e-mail from TTS when access has been granted.

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Keywords

    Reconcile, pcard, PeopleSoft, review transactions, approve pcard, disputing charges, fraudulent charges on credit card