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I need to cancel a grant or a scholarship, how can I do that?
Answer:
When you are cancelling a grant after the check has been printed, you must first void the check.
To post the debit memo
- Open Accounts payable
- Go the Payments super tab
- Select the payment to voided
- Double click on the payment to open
- Click on Void Payment in the lower Right hand corner.
- Enter a void date-Usually the same date the check was issued-This is the date the reversal will appear in your general ledger
- DO NOT check create debit memo
- Enter a void reason if you want to
- Click ok and post through
- Open Grants module
- Go to the Application History Supertab
- Locate the grant to be cancelled and double click to select.
- Click on the Adjustments tab
- Choose Grant Adjustments
- Click Run Process
- Confirm that the grant number is correct
- Enter an Apply Date-This will be the date that the cancellation shows in the Grants module as well as the General Ledger
- Enter a Status and Reason for Adjustment is desired
- Choose Cancellation on the right side of the window
- Check Complete Cancellation (unless it is a partial payment that was returned)
- Click Process Adjustment
To post the debit memo
- Go to the AP module
- Go to the Item Entry supertab
- Locate the debit memo-If you have multiple items in item entry note the voucher number and date
- Click on the Processes tab
- Select A/P Item Edit
- Click Run Process
- Enter the date and voucher number for the debit memo
- Click OK
- Review the Edit report
- Click Post A/P Items at the top of the report if everything looks correct
- Post through to General Ledger
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