Payment Management System Ffr

Maintaining minimum federal cash on hand by requesting funds from the Payment Management System only for immediate disbursement 3 business days and reimbursement unless otherwise specified in your Notice of Award. The FFR module lets grantees search for and initiate the FFR from within eRA Commons which redirects them to the federal Payment Management System to complete the submission.

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December 31 1st Quarter of fiscal year March 31 2nd Quarter of fiscal year June 30 3rd Quarter of fiscal year September 30 4th Quarter of fiscal year If the FCTR is not filed before or on the due date funds will be frozen until the report as been submitted.

Payment management system ffr. Accessing Payment Management System. Payment Management System PMS Account Representative Find your PMS Account Representative Select your state or territory from the drop down menu. 1 Recipients will be instructed by Federal agencies to submit the Federal Financial Report FFR to a single location except when an automated payment management reporting system is utilized.

Federal Financial Report FFR Required to be Submitted in the Payment Management System Effective January 1 2021 Posted on December 2 2020 by NIH Staff Recipients will be required to submit the SF-425 Federal Financial Report a statement of expenditures associated with their award to the Payment Management System PMS instead of eRA Commons effective January 1 2021 see NIH Guide Notice NOT-OD-20-127. FFR Cash Transaction Report. FFRs submitted on or after January 1 2021 must use PMS.

Select the Reporting Period All. Payment Management Services is considered an Essential Government Office due to the nature of its business activities. And for preparing this FFR.

Reporting cash disbursements to the Payment Management System and Maintaining your. This system is provided for Government-authorized use only. After logging in to the Payment Management System with a PMS User ID and password.

Personal use of social media and networking sites on this system is limited as to not interfere with official work duties and is subject to monitoring. To reduce the burden for recipients clicking on the new Manage FFR button next to a particular grant on the Search for Federal Financial Report FFR screen in eRA Commons will take the recipient directly to PMS see Figure 1. Beginning January 1 2021 respective to NIH grant awards that require submission of an FFR NIH grant recipients will be required to submit the SF-425 Federal Financial Report FFR in the Payment Management System PMS as opposed to the eRA CommonsFFR Module.

The FFR will be available for recipients to prepare certify and submit in the Payment Management System PMS starting Oct. Beginning January 1 2021 respective to NIH grant awards that require submission of an FFR NIH grant recipients will be required to submit the SF-425 Federal Financial Report FFR in the Payment Management System PMS as opposed to the eRA CommonsFFR Module. Federal Financial Report FFR Due Dates.

The recipient will log into PMS and be taken straight to the Federal Financial Report Details screen for that grant in PMS. Accrual basis of accounting refers to the accounting method in which expenses are. A single location except when an automated payment management reporting system is utilized.

Recipient organizations should already be familiar with PMS as they use the tool to draw down grant funds. Federal Financial Report FFR Federal Cash Transaction Report. In this case a second submission location may be required by the agency.

This change to FFR submission requirements does not impact the submission timeline. Assigns you a Personal Identification Number PIN Reviews approves and monitors the drawdown of funds. Payment Management Services is closed on the following Federal holidays.

HRSA recipients will not be able to view or complete FFRs in PMS until after this date. Unauthorized or improper use of this system is prohibited and may result in disciplinary action andor civil and criminal penalties. Select the Continue button.

Types of Payment Requests. 2 If recipients need more space to support their. This means as a general rule PMS remains open for business year round except Federal Holidays and bank holidays.

The Payment Management System PMS is a tool to help grant recipients draw down funds and file the Federal Financial Report FFR. Beginning January 1 2021 respective to NIH awards that require submission of an FFR NIH recipients will be required to submit the FFR in the Payment Management System PMS. Beginning January 1 2021 respective to FDA awards that require submission of an FFR FDA recipients will be required to submit the FFR in the Payment Management System PMS.

FFRs submitted prior to January 1 2021 must use the FFR module in the eRA Commons based on the previous requirements set forth by the agency see NIH Grants Policy Statement 84152. In support of the federal governments effort to reduce administrative burden for both the federal government and the federal financial assistance recipient community outlined in the Data Act Pilot Presidents agenda Cap Goal 8 and OMB memorandum 18-24 HHS has implemented the submission of SF-425- Federal Financial Report FFR in the Payment Management System PMS to eliminate the need to report duplicative information across multiple reporting sources and instead allow grant. Select the PMS menu heading entitled.

The Federal Cash Transaction Report must be filed within 30 days of each of the following quarter end dates. Enter your PMS Account Number. In this case a second submission location may be required by the agency.

Select the sub-heading entitled.