Mark1412 :
I have heard that a psu can draw more than it says on the box. Is that true, cuz I have seen my 650w putting out upwards of 730w?
An 80% efficient 500W PSU loaded at 500W would draw 625W so yes, a PSU can draw more power than its nominal output rating is due to converter losses. But this happens only if you are loading the PSU close to its maximum rating, which is rarely the case.
Also, keep in mind that your UPS reports the total power draw for all devices connected to backup outlets. I'm guessing you at least have your LCD plugged into a backup outlet, that's 50-100W. If you have other stuff, that adds up as well.
With my PC at full CPU+GPU load, my UPS reports it is providing 260W but that includes PC (650W PSU), LCD, DSL modem, router, 24-ports Ethernet switch, USB hub, laptop, external HDDs... so my 650W PSU is obviously not pulling anywhere near 200W.