Accounting Rules Categories - Grant Accounting Rules

Definition: Special accounts exist to set up the grant accounts life-to-date revenue and expenditure amounts and offset the grant entries. Grant awards, adjustments and corrections should be entered through the Budgetary Control (BC) module using the Journal Voucher screens.

Definition:

Special accounts exist to set up the grant accounts life-to-date revenue and expenditure amounts and offset the grant entries. Grant awards, adjustments and corrections should be entered through the Budgetary Control (BC) module using the Journal Voucher screens.

Rules:

GAGrant Award Rule

  • Records Life-to-Date revenues and posts the grant award offset.
  • Use a 15 document ID.

 

Account Keyed
Sequence #
Accounts Posted
Centers Posted
Rvrs DR/CR
43

 

 
1

 

2
65

 

659320
Same as Keyed

 

~~~~
No

 

Yes

 

 

65Life-to-Date Grant Budget Correction - Data Type 2

  • Records Life-to-Date revenues.
  • Use a 15 document ID.

 

Account Keyed
Sequence #
Accounts Posted
Centers Posted
Rvrs DR/CR
43 
1
65
Same as Keyed
No

 

  

75Life-to-Date Grant Budget - Data Type 2

  • Records Life-to-Date expenditures.
  • Use a 15 document ID.

 

Account Keyed
Sequence #
Accounts Posted
Centers Posted
Rvrs 
DR/CR
53 
1
75
Same as Keyed
No