Accounting Finance:Clinigens-Special Agreement

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Overview

Clinigen CTS (11994) has a special arrangement with uniPHARM. The orders are entered by Purchasing, with special instructions not to ship the order. It will be picked up by the Customer. They will transfer funds via vendor transfer without a remittance advice. Look for the payment on daily CIBC Statement of Account Activity Report. They will pay the total value of the invoices less $35 (banking charges) which is paid by uniPHARM. Post the $35 to 770100 (1510).