Contracts & Grants Billing (CGB)

Contracts & Grants Billing is functionality within the Accounts Receivable module. When this functionality is turned on, several additional menu options display and the Agency, Award and Customer documents have additional tabs and fields to collect information needed by Contracts & Grants Billing. Contracts & Grants Billing provides the ability to invoice by account, award and contract control account. Invoicing methods include Cost Reimbursable, Pre-Determined Billing Schedule, Milestone and Letter of Credit Billing. Contracts & Grants Billing also provides functionality related to Collections. Payments are applied to CGB Invoices in the same way payments are applied to regular AR invoices. Invoices are written off the same way as well. Refer to the Accounts Receivable section for applying payments and invoice write off. There currently is no credit memo functionality for CGB invoices .