Vendor Payment Policy Revision #1 ▸ Purchase of Services Policy ▸ Business Expense Policy ▸ Withholding Taxes ▸ Sanctioned Countries ▸ Managing Payment.

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Presentation transcript:

Vendor Payment Policy Revision #1 ▸ Purchase of Services Policy ▸ Business Expense Policy ▸ Withholding Taxes ▸ Sanctioned Countries ▸ Managing Payment Processing

Vendor Payment Policy Revision #1 Purchase of Service Policy NPO Non-Employee Compensation: ▸ honoraria, royalties, prizes, awards ▸ human subjects or other research or survey participants Non-Employee Reimbursements Conference Registrations

Vendor Payment Policy Revision #1 Business Expense Policy Requires 2 Pre-Approvals: ▸ Expenses > $1,000 ▸ Alcohol

Vendor Payment Policy Revision #1 Withholding Taxes Performers and Performing Entities

Vendor Payment Policy Revision #1 Sanctioned Countries UMass Treasurer’s Office

Vendor Payment Policy Revision #1 Managing Payment Processing NPO Payments Incomplete Information

Vendor Payment Policy Revision #1 Advisory Sub-Committee Volunteers