Table of Contents>Acquisition of Goods and Sevices
· To establish the best practices so that the School of Medicine Departments/Centers/Institutes are managing the procurement processes effectively and consistently.


· Financial Policy Manual: 2300 Procurement/Disbursement

· Financial Policy Manual: 2308 Competitive Bidding


· Deans
· Center and Institute Directors
· Department Chairs
· School of Medicine Administration
· School of Medicine Faculty/Investigators
· Business Administrators/Dept. Administration
· Office of Research Support Services
· Acquisition Services
· Travel
· Accounts Payable


General Instructions/Information
· Purchase orders with an aggregate value of $5,000 or more are subject to the Competitive Bidding Policy (Policy 2308).
· All contracts must be forwarded to Acquisition Services for signature.
· Subcontracts must follow established guidelines.

· Complete department Purchase Order Requisition (POR) or other internal request form.
· Have POR approved by PI or designees, electronic or physical signature, identifying appropriate source of funds.
· Verify that expenses are allowable according to Penn and funding source policy.
· FinMIS authorized user enters order within 1 business day.
· Once order has been entered verify account combination; verify document, check funds.
· Record system generated PO number on POR.
· If advisory warning is received DO NOT process order. Notify requester/BA to resolve issue.
· Approve, reserve or reserve and forward, as approval authority allows.
· Retain and match POR with appropriate documentation (ideally, this would include a signed packing slip indicating receipt of goods).
· Monthly, reconcile orders with FinMIS reports.
· File POR with documentation in permanent account file.


General Instructions
· A PO is automatically marked "Receipt Required" when the total PO amount is over the competitive bid limit of $5,000.
· Receipts are entered by the department upon satisfactory delivery of goods and/or services.
· The system places invoices on hold if receipt is required and receipt has not been entered.
· The buyer is notified of this invoice hold via email.

· Verify satisfactory delivery of goods/services
· Enter a receipt in FinMIS for the quantity received
· Mark receipt # on POR
· File in account file


General Instructions/Information
· If an invoice is outside defined tolerances the invoice will automatically be placed on hold and an email will be sent to notify the buyer each time a new item transitions into their working folder. Reminder email is sent every Monday morning if invoices remain in your working folder.
· Types of Holds

  • Maximum total amount hold-Total invoice line is > total PO line by $25 or more
  • Quantity ordered hold-Quantity billed on invoice is >10% of quantity order on PO
  • Items not ordered hold-Items billed on invoice, but not ordered on PO
  • Quantity received hold-Created when any invoice is received for a PO that exceeds $5,000, and no receipt has been entered in FinMIS for items invoiced
  • Finally closed PO hold-Hold is not viewable in MarkView. Invoice is imaged, but can't be matched to referenced PO. AP clerk with email buyer directly for resolution
  • PO buckslip hold-AP rejects Hold Resolution Sticky Note
  • Multiple holds-Invoice and PO has several problems listed above

· Upon receipt of an email notification that an invoice is on hold enter your PO Invoice Working Folder and determine the type of hold.
· View the invoice image and compare it to the original PO to determine the course of action.

PO Hold Type Approve Invoice Cancel Invoice
Quantity Ordered Hold Place PO Creator Approved Stamp on invoice image Apply Hold Resolution Sticky Note with detailed reason
Maximum Total Amount Hold Place PO Creator Approved Stamp on invoice image Apply Hold Resolution Sticky Note with detailed reason
Items Not Order Hold Place PO Creator Approved Stamp on invoice image Apply Hold Resolution Sticky Note with detailed reason
PO Buckslip Hold Place PO Creator Approved Stamp on invoice image Apply Hold Resolution Sticky Note with detailed reason addressing PO Buckslip appropriately
Multiple Holds Place PO Creator Approved Stamp on invoice image. If one of the holds is a qty. rec. hold, log on to FinMIS and enter receipts. Apply Hold Resolution Sticky Note with detailed reason
Quantity Receipts Hold Log on to FinMIS process receipts Apply Hold Resolution Sticky Note with detailed reason
Finally Closed PO Hold Review email message sent by Accounts Payable and respond accordingly  

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General Instructions/Information:
· The Procurement Credit Card (ProCard) is a Mastercard credit card issued by Bank One for the purpose of purchasing goods and services that directly benefit Penn.
· Cardholder is responsible and accountable for complying with M/C and Penn regulations. See Acquisition Services commodity matrix at for more information.
· The cardholder is the only authorized user of the card.
· There is a $1,000 limit per transaction and $5,000 limit per month.
· There is a limit of 25 transactions per day and 800 transactions per month.

· Have request approved by PI or designee electronically or physical signature, identifying appropriate source of funds.
· Submit order request to cardholder.
· Verify that expenses are allowable according to Penn and funding source policy.
· Cardholder places order.
· Document confirmation number if applicable.
· Weekly run FinMIS 508 unposted journal report with responsible org and description (Pro Card debits).
· Weekly review unposted Pro Card journals and change from default account to the appropriate account combination.
· Attach all documentation to ProCard statement. Also, file an additional copy of the transaction in the appropriate account file.
· Cardholder and supervisor must sign statements.


General Instructions
· C368 - Used to request reimbursement of expenses for human subjects, consultant/honorarium fees, payment to an individual for business related expenses and pay only vendors.
· C12 - required for all individuals with the status of Independent Contractor.
· C1-Travel reimbursement
· C1A - Entertainment Reimbursement
· If a vendor accepts a Mastercard (procard) but the department does not use their procard, Accounts Payable (A/P) will use the A/P procard and journal the expense to the department account combination given on the C-Form
· If the vendor does not accept Mastercard, or a purchase order, A/P will pay the vendor with a check

· Obtain form from Comptroller's website.
· Complete form; verify account combination, check for appropriate documentation.
· Have form approved by PI or designee, electronic or physical signature, identifying appropriate source of funds.
· Forward to individual with TACard authority to emboss.
· Verify C-form is completed appropriately, account combination is accurate, funding is available and allowable, and documentation is appropriate.
· TAC, sign, copy, and forward originals to Accounts Payable.
· File completed copy in account file.


General Instructions
· The Transaction Authorization Card (TACard) is used to validate A/P C-forms, and Bookstore and Computer Connection requisitions, PennCard ID Requests and other forms as required.
· TACards improve internal control over cash disbursements, link authority and responsibility for expenditures, and provide schools/centers and departments/centers/institutes with the ability to re-delegate disbursement authority in a more realistic manner which will provide sufficient operating flexibility in the decentralized University operating environment.


General Instructions
· Review Penn Travel Policy and grant and contract restrictions.
· The American Express Corporate Card is used for purchasing airline tickets, making car or hotel reservations, entertaining on behalf of Penn, or other business-related expenses. By using the American Express Corporate Card, the Travel Office can obtain detailed information on Penn travel patterns, which assists in negotiating discounts with airlines, hotels and car rental companies.

· Complete the department's travel request form in advance, indicating where, when and business purpose of trip.
· Have request approved by PI or designee electronically or physical signature, identifying appropriate source of funds.
· Confirm travel expense is allowable and funding is available.
· Airline/train tickets are purchased through American Express Travel unless better price is obtained.
· American Express faxes itinerary to TAC cardholder.
· Confirm itinerary with traveler.
· TAC and return via fax for ticketing.
· File in account file.
· Traveler submits a signed C-1 with original receipts within three weeks of return.
· Review expenses for compliance with University and Sponsor guidelines.
· If there is an issue with the expenses submitted, resolve with traveler and either remove or justify. Proceed with process.
· If all expenses are allowable, TAC, sign, copy, and forward to the Travel office with all original documents.
· If entertainment expenses are included, complete C-1A. Documentation showing business purpose must be attached. Please note that in most cases this is an unallowable charge to grants and contracts.
· Keep copy in account file.


· Departmental Business Administrators
· Department Chair
· Office of Research Support Services
· Research Services
· Acquisition Services
· Travel
· Accounts Payable


Acquisition Services

Purchasing Overview:

FinMIS Reference Manual

Accounts Payable Information




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