How will my company report its net purchases?
Statewide contract vendors will log into NJSTART and report their net purchases in the system on a quarterly basis, beginning in July 2021. Statewide contract vendors will be provided with Quick Reference Guides and access to short step-by-step tutorial videos to support this process in June 2021.
How are net purchases defined for fee calculation?
“Net Purchases” means the total gross purchases, less credits, taxes, regulatory fees and separately stated shipping charges not included in unit prices, made by Cooperative Purchasing Program Participants, regardless of whether or not NJSTART is used as part of the purchase process.
How will I pay my supplier convenience fee?
All reporting will be done online in NJSTART. Detailed instructions and a training video will be sent to you in June 2021.
- Payment Option 1: Electronically via NJSTART with ACH (preferred)
You may remit payment via ACH online at the conclusion of that process, allowing you to track reporting and payment in a single portal.
- Payment Option 2: ACH – direct to Periscope
Bank: Texas Capital Bank, N.A.
Address: 2000 McKinney Ave., Dallas, TX 75201
Phone: 877-839-2265
Account Type: Checking
Routing: 11101797
Account Number: 4011034727
Account Name: Periscope Intermediate Corp, Arkansas Operating Account
- Payment Option 3: Remittance Address for Checks
Periscope Holdings, Inc.
LOCKBOX NUMBER 679255
1200 E CAMPBELL RD STE 108
RICHARDSON TX 75081
Payment Option 4: Credit Card
https://periscope.mypaysimple.com/s/periscope
How often does my company have to pay the supplier convenience fee?
Once per quarter in the month following the end of the quarter (ending March 31, June 30, September 30, and December 31). For example, if the quarter ends on September 30, both net purchases reporting and payment of fees are required no later than 30 days after the end of the quarter, being October 30th.
When is the first time my company has to report purchases and pay fees?
For current statewide contract vendors, sales reporting and fee payment will be done for the first time beginning July 1, 2021 for the quarter from April 1 – June 30, 2021.
Does this apply retroactively?
The fee applies to all purchases made by Cooperative Purchasing Program Participants making purchases beginning May 1, 2021.
What if I already have a purchase order, but will not be delivering until after the effective date?
Fees do not apply for orders placed prior to May 1, 2021, even if the services are delivered and paid for after May 1. If a new order is placed after May 1, including a change order to an existing order to add units, a fee will be due.
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