Procurement Card Schedule
5th business day of the month
Transactions loaded into IRIS, IRIS statements become available
20th of the month
Verifier should have all receipts, distributions, and reconciliations complete to allow approver ample time.
25th of the month
Last day to verify and approve card transactions
26th of the month
Card clearing takes place
Bank of America’s billing cycle is a monthly cycle. Credit limits will reset on the 1st of each month.