Clinical Trial Invoicing | July 26, 2019 Page 10
If a payment is direct from sponsor without an invoice it will be added without offsetting a receivable. Both types of
payments are viewable under the payments tab.
Click on the summary tab for a study overview.
The top of the screen shows the start date and estimated end date of the study as well as how many days are remaining and
the financial status.
1. Available funds = budget based on cash received. This amount will populate and adjust as funds are received and
Post Award Finance adds the budget.
2. Expenditures reflects all expenses incurred for the study.
3. Recovery Balance = charges (invoiced) – payments
4. Cash Position Balance = cash on hand or balance available.
Department administrators and study coordinators are asked to review and verify this information on a regular basis and to
notify Clinical Research Finance and Administration if corrections are needed. Note that PeopleSoft is still the official
financial record for the study.