Please consider the following when making your year-end purchasing card transactions:
1. All purchasing card transactions for fiscal year 2009 must be posted on PaymentNet by June 30, 2009.
2. Accounting, recommends placing all purchasing card orders by June 26, 2009 to ensure that the transactions are posted on PaymentNet by June 30, 2009. Please keep in mind that it takes approximately 24 to 72 hours for a transaction to post to PaymentNet. It could take longer if the merchandise is being shipped or if it is back-ordered.
3. The coding deadline for June 2009 transactions is July 8, 2009. Any transaction not reviewed and approved by this deadline will be posted to the defaulted cost center. There is no grace period for nine-month schools.
4. The purchasing card beginning order date for fiscal year 2010 budget is July 1, 2009. All transactions prior to July 1, 2009 will be posted to 2009.