Acquittals

An acquittal acts as the final financial reconciling for the funds received by the funding body.  Acquittals are created to show where every cent of grant money has gone, as a balance against funds received. 

Acquittals are set up for up by the Grant Manager as the required reporting intervals determined by the funding body.

To get started, click the Add icon at the top of the Acquittals table. 

Assign a name and description for the acquittal, along with the other required fields. Be sure to include a Percentage and Acquittal Amount. The Delivery Owner is the team member responsible for completing the acquittal. Click Save Changes.

Note: If the Delivery Owner is different than the Delivery Creator, the Delivery Owner will be notified of their new assigned task. Both the Delivery Owner and Delivery Creator can enter or edit fields for the acquittal.

Once saved, the Delivery Owner can continue with the acquittal tabs: Details, Documents, Approvals, Submit, Permissions, and Governance Log. The interactions on these tabs are the same as the corresponding tabs for planned activities.

When you close an acquittal, it appears in the Acquittals table. 

Double-clicking an acquittal opens it for viewing or editing. While an acquittal is highlighted in the table, you can delete it.

Note: You cannot delete an acquittal that’s already been approved or submitted. If you need to delete an acquittal created in error, log a support ticket.