Payment Tracking is a tool used to track the amount of approved funding and payments recorded in Grant Life Cycle Manager (GLM). Clients can track the amount approved within a specific timeframe along with the payment status of each request.
When a request is approved in GLM, the administrator enters an Amount Awarded and a Payment Due Date. The Payment Due Date correlates with the Payment Tracking tool's Date Range and when the payments are due. Following are the steps involved in Payment Tracking:
Choose the Process(es) that you want to include in the search.
Choose a Due After and Due Before. The due after and due before will show the payments whose Due Dates are within the date range.
If you cannot update the date range, go back to the budgeting page and set a budget.
Below the date range the total budget information appears
Total Amount – The total amount committed
Paid – the total amount paid
Balance – amount of funding left to be paid
After the Date Range is entered, click Update Date Range. This will present the approved requests and their amounts. These amounts are the one time, Installment, or matching amounts entered at approval.
If there are installment requests, the installments for the given date range will appear. If there are installments missing in the list, the date range will have to be extended.
Entering a Payment
Payment Tracking allows One Time and Installment type requests to have payments. Both of these can have multiple payments against them as well.
To enter a payment click the Make Payment Icon to the far right of the request. This will bring up the Make Payment pop up. This page shows the amount of payment, the date, the check number and has a section for comments. It also has the balance of the unpaid installments/amount awarded and the type of grant (installment/one time).
In the Payments box enter the payment amount, date of the payment, check number, and any comments about the payment. Click Make Payment.
To view a previous payment or review your work, click the View Payment icon. This allows you to see any the total amount awarded, the number of follow ups assigned, any payment conditions, the details of each payment made, and the balance of the grant.
To edit a payment, you must go through the Request Summary page.
Clicking the Quick Export button at the bottom of the payment tracking page will download an excel version of the payment information listed above.