Help for R-1 Electronic Filing System Software
Schedule E - Outstanding Obligations
Expenditures are considered to be made at the time a liability to pay is incurred. Liabilities incurred, but not paid, are reported as outstanding obligations on Schedule E. Examples of outstanding obligations are: accrued and unpaid rental expenses, contractual obligations, unpaid charges, outstanding loans, bills in dispute, and any other debts incurred. If an exact amount of an obligation is not known, the obligation should be explained and the amount should be estimated. The fact that the exact amount of an obligation cannot be determined is not reason for omitting that obligation from this Schedule. Note that an outstanding obligation must continue to appear on each and every subsequent report until the outstanding obligation is satisfied.
SCHEDULE E - INSERT EXPENDITURE
Schedule Type is set to “Schedule E – Outstanding Obligations” by default; you must select “Schedule E – Outstanding Obligations” from the drop down list. Enter the description (140 characters or less, no punctuation), the date incurred and dollar amount (no dollar sign). The “Amount” figure will not appear on the front cover of the Form R-1.
The “Check Include” box is automatically selected. This means the information you have entered will continue to appear on every report thereafter for that election, until the “Check Include” button is turned off. Remember: an outstanding obligation must continue to appear on each and every subsequent report until the outstanding obligation is satisfied.
Tab or click the right arrow button to the “Expenditure Detail” tab and enter the creditor information. If an expenditure has been made to the same creditor previously, select their name from the “Creditor’s Name” drop down list and the address information will be automatically populated.
Click the “SAVE” button when you are finished with this entry. You can select another schedule to work with or “CLOSE” to work in another area