UNIVERSITY OF PITTSBURGH POLICY 05-02-10
CATEGORY: FINANCIAL AFFAIRS
SUBJECT: Payment of Invoices
EFFECTIVE DATE: September 18, 1991
This policy establishes the responsibilities of the Invoice Audit Department, and the
Requisitioner, regarding the payment of invoices.
The Invoice Audit Department is responsible for processing all invoices. Approval of the
requisitioning department is obtained by Invoice Audit prior to payment of invoices in
excess of $2,000.
Invoices are paid only after the items listed thereon have been received and delivered to
the requisitioning department.
The University attempts to take all cash discounts offered by making payment within the
time limit specified in the terms of the order.
Requisitioning departments are responsible for opening and inspecting delivered orders
promptly. Warranties and returns may be affected by any delay.