LPC Positive Pay

Description 

LPC Positive Pay is a Financial Application for managing LPC’s. (Limited Purchase Checks)

Definitions

Limited Purchase Checks allow departments to be able to pay vendors immediately and have more control over petty purchases. 

• Introduction to Positive Pay
• Search limited Purchase Checks
• Maintain Checks
  • Refresh
  • Total
• Enter Checks
  • Saving Data Entry
  • Check Dates
  • Check Status
• Undo Data Entry
• Update Data Entry
  • Done
• Spoil Checks
• Void Bank-Issues
  • What is a void?
  • List Voided Checks
  • Update Memo
  • Display Checks
  • Maintain Checks
• Display Checks
  • Excel
• Exit

FBS Training

Training classes are available to learn more about Limited Purchase Checks:

• Limited Purchase Checks (LPC)

The following documents and web pages have valuable information about Limited Purchase Checks:

• LPC Overview
• LPC Positive Pay
• Limited Purchase Check Guidelines
• Limited Purchase Orders  
• Limited Purchase Order Policy
• Limited Purchase Check Agreement

Other Resources 

The Financial & Business Services Index and Glossary has information about Limited Purchase Checks:

• Limited Purchase Checks
• Limited Purchase Order

Limited Purchase Checks are highly negotiable and should receive the same precautionary measures as cash (see Policy 3-011).