ICR Encumbrances

 

The process retrieves all GL encumbrances whose balance types are included in parameter INDIRECT_COST_RECOVERY_ENCUMBRANCE_BALANCE_TYPES.

 

ICR is calculated for each  encumbrance as described above for ICR Expense and Income Entries, effectively calculating indirect cost on the amount of the outstanding encumbrance.

 

In order for the ICR encumbrances to be processed, the system parameter USE_ICR_ENCUMBRANCE_INDICATOR must be set to Y.

 

For generated entries, the accounting string is the same as the values of the original encumbrance with the following exceptions:

      Transaction Ledger Entry Description: ICR Encumbrance Document Type and Document Number.

go-arrow-red   For example: ICR Encumbrance PO 23253.

      Object Code will be the one associated with the ICR Rate.

      Origin Code will be the value contained in INDIRECT_COST_RECOVERY_ENCUMBRANCE_ORIGINATION.

      The amount of the ICR transaction is set to the outstanding encumbrance amount times the ICR percent identified on the table.

More:

ICR Encumbrance Transaction Business Rules