What is a "controlled" purchase?
Article ID: 82 | Rating: 3.3/5 from 3 votes | Last Updated: Thu, Jan 19, 2017 at 3:08 PM
Many items purchased that are greater than $500 are "Controlled Items" by Accounting terms. All line items greater than $500 are sent to Purchasing and Contracting so that account codes can be verified for accuracy.
Controlled purchases are the following items that have a unit price of $500 - $4999: Stereo Systems, Cameras, Video Recorders,(TV, DVD, Camcorder), Desktop CPU, Data Projectors, Portable CPU, Laptops.