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This memo is sent on behalf of Julie Ghayad, Senior Director Systems and Transaction Services, and François Pouliot, Senior Director Procurement Services

McGill Financial and Procurement Services are pleased to inform you that effective February 1, 2024, the maximum Pcard transaction amount will be increased to CAD $5,000 (from the current $2,500). No action is required on the part of PCard Holders, as the Bank will automatically apply this new threshold to all PCards.

Classified as: PCard, Pcard transaction amount, threshold, PCard Holders, PCard Regulation and Procedures
Category:
Published on: 24 Jan 2024

This memo is sent on behalf of François Pouliot, Director Procurement Services and Julie Ghayad, Director Systems and Transaction Services

Dear Colleagues

In November 2020 Procurement and Financial Services jointly implemented the receiving function and invoice processing in MMP. Accordingly, the threshold for FFM/PIs to approve MMP Invoices will be increased from $10,000 CDN to $50,000 CDN (including sales taxes/self-assessed taxes).

Classified as: threshold, 50K, MMP, invoices, approval emails
Category:
Published on: 30 Sep 2022
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