| Issue Date: | |
|---|---|
| Revised Date: |
Object Type
Cash — Other Expenditures
Reference
Description
To record the payment of interest due on late payments under provisions of the Prompt Payment Act.
Expenditure code 7806 includes, but is NOT limited to:
- Interest (prompt pay)
- Penalty/Interest on Delayed Payments
- Prompt Pay (interest)
Note
USAS Values
| Appropriation Year | 25 |
|---|---|
| USAS Title | PROMPT PAYMENT INTEREST |
| Object Group | 10 – Expenditures |
| USAS Status | A |
| Rev/Exp Category | 04 – OTHER EXPENDITURES |