Employee Travel and Expense Report (ETER ) / Direct Pay / Unencumbered Goods and Services
- The ETER is examined for compliance with Travel policy by the accounting clerk prior to submission to Accounts payable
- Accounts Payable enters ETER Information into Banner as a Direct pay, generates a Banner invoice number, and records invoice information
- Reimbursement checks for ETERs will be processed within five business days after a completed and correct ETER is received by Accounts payable and scheduled for payment in the payment cycle following.
- ETERs should be submitted within 60 calendar days of incurring the expenses. TEARs submitted for expenses older than two months will not be processed nor reimbursed.
There is no specific abbreviation for the term WIRE because when the payment is being made using this option, you will not see the physical movement of funds. It is all electronic. It is just like a current passes through Wire.
Therefore Electronic movement of funds is campared with WIRE.
Software Technology Parks of India (STPI).Some of the software service providers will get exemption from STPI for their software exports. In accounts payable may be we need to define the vendor STPI location wise.
In India we have different STPI location. If one vendor supplying services or materials to all OR some of the STPI locations we need to maintain the same vendor STPI wise.
The terms Billable and Non-Billable expenses are normally associated with say a consultancy company where they bill consultants out to their clients. Therefore Billable expenses will be paid by the client whereas Non-billable will be paid by your employer. What's included in both is subject to the contract your company has with their client.