Reconciling Transactions

Reconciler Responsibilities

• Gather transaction documentation from each Cardholder
• Reconcile individual accounts on a timely basis
• Reconcile individual accounts weekly on PaymentNet for the following:

• Insure each transaction is marked "Rev" box is checked
• Determine that necessary documentation is provided
• Verify object code and budget number and change either as needed
• Check the "Rec" box for each transaction when the item is received and you are satisfied with the purchase
• Enter any necessary information into the "Transaction Notes" box

• File all documentation and retain for a 6 year retention cycle