We have 2 PCard programs (US and EMEA). We have both programs set to restrict submission for 3 days after the statement period ends.
For 3 months in a row now, we have transactions for our EMEA program not making it into the current month's report. The posting date being in the next month forces those transactions into the next month's auto-created PCard Report. The transactions have been near the end of the month so I can see why it is happening. But the US transactions seem to make it in time.
We require submission of PCard Reports within 3 days of their release date and then manager approval within 7 days. Our payment is made on the 24th of the month. We have plenty of time for reconciliation. Any significant disadvantages to extending the release to 4 or 5 days vs the 3?
I saw in a previous article about requiring employees to upload and match to their statements. That isn't an option for us.
Just looking for some insight. Thank you!
