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    How do I set up payables in Open Items when implementing FIMS?
    • 27 Jan 2023
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    How do I set up payables in Open Items when implementing FIMS?

    • Updated on 27 Jan 2023
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    Article summary

    How do I set up payables in Open Items assuming the the general ledger is built and the beginning balance reflects the unpaid grants?

    Answer:
    Note: All of the following methods assume that General Ledger is built and Grants Payable beginning balances reflect the unpaid Grants.  

    Historic Grants, but no payments have been made:

    If the Grants have not been posted, do the following:
    1.  In System Initial Setup, activate Interface Grants Posting to A/P and Post A/P to G/L .
    2.  Post your Grants.
    3.  In System Initial Setup, deactivate Post A/P to G/L .
    4.  Post your Vouchers.
    5.  In System Initial Setup, activate Post A/P to G/L  
    If the Grants have been posted (with both flags off),  contact FIMS support for assistance.

    Historic but some payments have been made. If the Grants have not been posted:

    1.  In System Initial Setup, activate Interface Grants Posting to A/P and Post A/P to G/L .
    2.  Post your Grants.
    3.  In System Initial Setup, deactivate Post A/P to G/L .
    4.  Post your Vouchers.
    5.  Enter Prepaid Items for the items that have already been paid.
    6.  Post the Prepaid Items.
    7.  In System Initial Setup, activate Post A/P to G/L
    If the Grants have been posted (with both flags off), contact FIMS support for assistance.
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