Cancellations

Cancellations

Cancellations are used when a decision is made to cancel all or a portion of the unpaid balance. This utility identifies the cancellation as a formal or authorized revocation of the award, which should be included in history reports. Cancellations can only reduce or eliminate the Grant.

Cancellations can also optionally create a Debit Memo to negate or reduce the payable item. The Debit Memo must be posted in Accounts Payable (Item Entry) to take effect. Refer to Creating Grant Debit Memos in the Accounts Payable module for more information.

How Do I cancel a Grant or Scholarship?