Subcontract Management - Prepaid Insurance - Reports Related to Posted RFPs

Pgm: SCPAYREQ – Enter Request For Payment; standard Treeview path: Subcontract Management > Payments >Enter Request for Payment

For the above RFP that contains a Prepaid Insurance Task line, the following sample reports can be used to verify the posting.

Job Costing

Actual costs will be posted in JC for the total completed amount.

Accounts Payable

The Voucher Posting report will show the accounting distribution split and indicate the Expense Code for the prepaid insurance.

The user should run the AP Ageing Report for the subcontractor to verify the transactions that they have posted. Note that the report shows a payment for $300 as a result of the prepaid insurance charge back.

General Ledger

The GL transactions will show a credit transaction for the Prepaid Insurance.