Accounts Payable
| Course Title: | Limited Purchase Checks (LPC) |
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| Instructor: | Sandra Jones, Accounting Specialist |
| Duration: | 1.5 hours |
| Description: | |
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 User’s 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. Prior to attending the orientation, we require you to:
This will be an intense orientation and time is limited. Please do not be late! |
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| Registration | |
| Course Materials | |
| Notes (pdf) | |
| Map to Classroom | |
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