Procurement Card Frequently Asked Questions
The P-Card is available to all Iowa State University faculty, staff, and graduate assistants with the approval of the cardholder’s manager and the department’s cost center manager. To learn how to apply for a card, please reference this Card Application Knowledge Base Article.
If the supplier asks for the statement or billing address, it is generally the cardholder’s office address, including room, building, and street. Contact the Card Services team at 515-294-7024 or email@example.com for specific information.
It will take at least 2 business days for the transaction to show in Workday. The cardholder will receive a notification in Workday and an email to let them know there is a transaction ready to be verified.
A legible, itemized receipt is required for all procurement card transactions.
It is the responsibility of each cardholder and their Procurement and Expense Specialist (PES) to attach receipts to the procurement card verification (PCV’s) in Workday.
Documentation MUST support an authorized (acceptable) business purpose for all transactions made with the P-Card.
Receipt documentation might include the following:
- Itemized point-of-sale receipt or supplier invoice.
- Itemized order confirmation for intangible goods (e.g., registrations, subscriptions, etc.)
- Packing slip (for goods received).
- Property Receipt Form (RPF) or Research Participant Receipt Form (RPRF) signed by recipients of any property or gift cards purchased (see https://www.controller.iastate.edu/accounting/allowability.htm).
- Certificate of Lost Receipt
Transactions will be subject to audit by the Procurement Services Department, the Controller’s Department, Internal Audit and State of Iowa auditors.
Cardholders who have extenuating circumstances or supplier issues that prevent them from completing the transaction verification should contact the Card Services team for assistance.
It is the cardholder’s responsibility, within thirty days of the transaction posting to Workday, to attach legible, itemized receipts and enter the business purpose, Worktag(s) and transaction description information to the procurement card verification document (PCV) for their transactions, OR to provide that information to their procurement and expense specialists (PES) at firstname.lastname@example.org. Failure to enter or provide this information within thirty days of the post date will be grounds for suspension of card privileges.
Weekly reminder messages will be sent by e-mail to cardholders when transaction verifications (PCVs) have not been completed within 30 days of the transaction post date. Cardholders may review their transactions via the report My Procurement Card Transactions in Workday.
Make sure that the amount of your purchase is not above your transaction limit or that you have not exceeded the monthly cycle limit for your card (remember that the cycle begins on the 12th of the month). If the transaction falls within your limits, the transaction may be declined because the supplier's Merchant Commodity Code is blocked on your card configuration. Contact the card services team at 515-294-7024 or email@example.com for assistance.
First, consider the time and effort to obtain a credit. If the amount of tax charged is small, it may be more cost-effective to pay the tax and save yourself the time it would take. However, if you decide it is worth your time, contact the supplier and ask for a credit in the amount of tax charged. Iowa State University is exempt from Iowa sales tax and sales tax in other states listed on the Sales Tax page. If the supplier requires a university sales tax-exempt certificate, you may complete a request for an exemption certificate.
Hospitality expenses should be made using the Travel and Hospitality (T&H) card. The expenses will need to go through on an expense report to collect the appropriate information.
The Travel and Hospitality Card has corporate written on it, whereas the Procurement Card has purchasing written on it.
Yes, the Procurement Card is accepted at the University Bookstore.
If you have a transaction against which you will receive full or partial credit, the cardholder or the procurement and expense specialist will need to process the credit the same way the original transaction was processed. The same Worktag and spend category should be used on both the original transaction and the credit transaction.
Unauthorized transactions to unknown suppliers should be reported to the card services team (515-294-7024 or firstname.lastname@example.org) immediately. If transactions are determined to be fraudulent, the card services team will notify U.S. Bank fraud prevention.
For unrecognized or incorrect transactions, the cardholder should first seek resolution with the supplier. If resolution cannot be achieved with the supplier, the cardholder shall contact the card services team, within 30 days of the post date, with supporting information. The card services team will investigate the transaction, and, if appropriate, initiate a dispute through U.S. Bank. Once the charge is disputed, U.S. Bank will request documentation from the supplier. If the supplier fails to provide suitable documentation supporting the charge, the disputed amount will be credited back to the cardholder’s account.
Transactions sixty (60) days past the cycle date cannot be reported as fraudulent or be disputed with U.S. Bank, and will be the responsibility of the cardholder’s department.
Fraud usually involves a deliberate action on the part of an often-unknown third party. Disputes normally arise out of billing problems with a supplier with which the cardholder has done legitimate business: double billing, over-billing, billing for goods not received, and problems with issuing credits. Keep in mind that when a transaction post to Workday, the supplier has already been paid. Delaying the processing of Procurement Card Verifications (PCVs) in Workday does not withhold payment to the supplier.