#  GMAS Tip/Trick: Clearing Late Charges - GMAS Transaction Monitoring Module 

 





June 27, 2024

 

 

As part of [Transaction Monitoring,](/transaction-monitoring) GMAS automatically flags transactions posted outside of the award period, which include pre-award spending and charges after the award end date. GMAS will not flag pre-award expenditures if they are associated with an account that has an “IDC rate effective date” prior to the date of the expense (e.g. account set up to allow pre-award spending). For transactions after the award period, GMAS will automatically flag expenditures as they post to the GL. However, when an award is pending a no-cost extension or additional funding, users can [manage costs outside of the period](/transaction-monitoring#COP) by selecting the checkboxes to “approve transactions to the account(s) for 30 days”. Once selected, GMAS will discontinue flagging these charges for the next 30 days. After 30 days, new transactions that have posted will be flagged, but users can choose to use the checkboxes to defer the flagging of late charges an additional 30 days. 

 

 

 



 

 See also:- [ Accounts ](/blog-categories/accounts)
- [ General ](/blog-categories/general)
- [ Department ](/blog-user-roles/department)
- [ Principal Investigator ](/blog-user-roles/principal-investigator)