Payments
Can I process a negative amount PRC in order to correct a contract?
No, a negative amount is not possible for a PRC. If a payment was approved under the wrong contract, you would need to have the original PRC cancelled, including the associated disbursement (i.e. AD or EFT transaction shown by clicking Transaction ...
How Should Excess Spent on a Contract be Processed?
How Should Excess Spending on a Contract be Processed? By issuing a PRC for the allowed amount by contract and then a separate GAX, is the preferred method. The GAX should contain documentation related to the excess spending from the contract.
Making a payment to a vendor that is not set up in FINET
You can make a payment to a vendor that is not set up in FINET if the payment meets the following criteria: The payment is not 1099 reportable. Making the payment: Use the miscellaneous vendor of "000000" instead of a regular vendor code. Your ...