Financial Report

Financial reporting is a main contractual duty for all H2020 participants receiving funding by the EC. The coordinator must submit to the Commission both technical and financial reports. Financial reports must be submitted within 60 days after the end of each period to the Commission.

A financial report consists of structured forms from the grant management system, including:

- individual financial statements for each beneficiary (and third parties) - explanation of the use of resources and the information on subcontracting and in-kind contributions provided by third parties, from each beneficiary for the reporting period concerned - periodic summary financial statement including the request for interim payment.