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_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.

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ICR Encumbrance Transaction Business Rules