Example

Accounts Receivable > Accounts Receivable Transaction Documents > Final Billed Indicator

Example

The Neuroscience Department at Kuali University submitted a Contracts & Grants Invoice to the National Science Foundation for one of their many awards with this agency. As this was the final invoice on the award, the invoice had the Final Bill flag checked on it. Upon receipt of the invoice, National Science Foundation noticed an error and contacted the Fund Manager, which resulted in the need to adjust the invoice. The Final Billed Indicator document was used to remove the Final Bill flag on the invoice so it could be reversed using the error correction process. The Fund Manager then recreated the invoice with the necessary adjustment and checked the Final Bill flag.