UNIVERSITY OF PITTSBURGH POLICY 05-02-10

CATEGORY:             FINANCIAL AFFAIRS
SECTION:                 Purchasing
SUBJECT:                Payment of Invoices
EFFECTIVE DATE:  September 18, 1991
PAGE(S):                  1

I.    SCOPE

      This policy establishes the responsibilities of the Invoice Audit Department, and the

      Requisitioner, regarding the payment of invoices.

II.   POLICY

      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.