| Field Name: |
PAYMENT MODE |
Inquiry Screen #: |
03 |
| Common Abbreviation: |
Payment Mode |
| Dictionary Reference Number: |
FG676 |
| Field Length: |
1 numeric character |
| Definition: |
This attribute indicates how cash is received for grants
and contracts in Ledgers 5 and 6. Payments are received either by
letter of credit, cost reimbursement, scheduled payment, in full at the
beginning of the grant or contract period of by some other method indicated
in the grant or contract. |
| Modification: |
Online |
| Responsibility: |
Post-Award Administrator |
| Data Verification Procedure: |
Post-Award Administrator enters data into system. |
| Values: |
| |
Default |
| 1 |
Paid by letter of credit |
| 2 |
Scheduled payment |
| 3 |
Cost-Reimbursement |
| 4 |
Request for advance and/or reimbursement |
| 5 |
Per case study |
| 6 |
Full payment at beginning of grant/contract |
| 7 |
Others |
|
| Applicable Accounts: |
General Ledger
020001 through 0-39998 |