Exhausted Levy Funds -PMR recording

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This topic contains 4 replies, has 3 voices, and was last updated by  Ro 4 months, 1 week ago.

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  • Ro
    Participant

    Ok, So i may be over thinking this but help would be appreciated

    On the Apps Co-Funding Contributions Report i have identified a levy account with insufficient funds

    The employer has paid the required employer contributions due so far but i am unsure how to record PMR’s,
    As this is for a standard (not a framework) these learners have a TNP1 and TNP2 (training and assessment costs) Should i then be splitting each payment received from the employer between a PMR1 and PMR2 or as the EPA is not due yet can the payments be put wholly against a PMR1.

    I would be interested to know how others are recording.
    Thanks in advance

     
    #271387

    Martin West
    Participant

    Hi,
    You would record PMR 1 only as it is only a training payment until the EPA stage is reached.
    HTH

     
    #271392

    Ro
    Participant

    Thanks Martin, A great help as always.

     
    #271396

    Ruth CJ
    Participant

    That’s a really good question. We’re awaiting some insufficient funds payments, so this is helpful.

    We’ve got employers who had insufficient funds for only a few months of the whole apprenticeship. We don’t anticipate any further shortfalls, so all payments will go against Training, we’ll never have a PMR for Assessment. Who’s to say whether the additional payments are for Training or Assessment? In which case, can we just log all the PMRs against Training?

     
    #271419

    Ro
    Participant

    Your right, It has potential to be a bit of a headache!
    I’m going with PMR1 and hope that the shortfalls are short lived.

    Ruth O

     
    #271429
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