Purchasing Card - Step 4
When a cardholder places an order with a supplier using the purchasing card, the transaction is charged to a temporary holding account (called a default account) associated with the cardholder's School/Center department or office. Therefore, transactions must be distributed to the correct account according to the business purpose (grant, project, etc.) given by the cardholder in Step 2. At the end of each week, the reallocator changes the charge from the purchase default account to the correct charge account (i.e.: changes the fund object code, CREF, etc.) via BEN Financials.