Purchasing Cards

Purchasing Cards (PCards) are issued by UNM to employees authorized by departments to buy goods on behalf of the department.  These cards are similar to credit cards.  Each time a PCard is used, the transaction is recorded at the point of purchase and a document detailing the expense is sent to UNM electronically.  The PCard holder allocates each expenses made with the PCard to the appropriate index and account in Banner.

Department PCard purchases are limited to certain types of tangible goods.  PCards can be used to pay for limited types of services due to the complex tax reporting requirements associated with service providers.  Departments can set a dollar limit per transaction up to $5,000.