FIS Glossary
A Account Account Assignment Category Account no. Account No. Description AcctAssnCat Act. Costs Action Active Funds Only Actuals Allocation Amount Amount in doc. Curr. Amount in doc.curr. Amount in LC…
A Account Account Assignment Category Account no. Account No. Description AcctAssnCat Act. Costs Action Active Funds Only Actuals Allocation Amount Amount in doc. Curr. Amount in doc.curr. Amount in LC…
…Payee Address should be used in all circumstances. When should an OTA vendor account be used? The OTA vendor account should be used only when ALL OF THE FOLLOWING…
…OTA Departmental Expense Reimbursement Vendor, thus delaying the cheque production. Payment terms for OTA Trade Payable Vendors are 35 days compared to immediate payment for OTA Expense Reimbursement Vendors. How…
When should I use an OTA vendor account? The OTA vendor account should be used only when ALL OF THE FOLLOWING CONDITIONS EXIST: A vendor account does not exist The…
…Accountable Advance? OTA One Time Only Account When should I use an OTA vendor account? Printing from FIS – SAP Hints and Tips about printing PROCNTL Entries and Document Types…
…Report Can OTA vendor payments be sent as a Electronic Funds Transfer (EFT)? Do you have Funds that are ending before the new FY with outstanding POs? SIMULATION: How to…
What do I do with a credit memo received from a OTA vendor? Credit memo’s cannot be processed against an OTA vendor account. The correct procedure is to contact the…
…One Time Accounts (OTA), Alternate Payee or create new vendor accounts How to search for vendors in AMS How to set up new commercial vendors Reasons why a vendor may…
…Vendor Invoice screen. 235XXXXXXX KG: A/P Vendor credit Open for use for processing credit memos to permanent vendors only. Do not use for any 99XXXX (OTA) vendor number series. 19XXXXXXXX…
…incorrect payment has been made to a supplier using an OTA (one time only) account, the supplier should be contacted and a refund cheque requested. A credit note is not…