Cost Transfer

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OSP: A cost transfer is a journal entry that transfers an expense onto a federally funded sponsored award that was previously recorded elsewhere on Harvard's General Ledger and requires institutional approval before it can be posted to the General Ledger.

WISC An after-the-fact reallocation of the cost, either salary or non-salary, to a sponsored project within a 90-calendar day period from the accounting date of a transaction. Transfers can occur between two sponsored accounts, from a non-sponsored account to a sponsored account, from a sponsored account to a non-sponsored account or between two non-sponsored accounts.

FAU: An after-the-fact reallocation of the cost, either salary or non-salary, to a sponsored project within a 90-calendar day period from the accounting date of a transaction.

BSU: A direct charge expense transferred from one account to another after the charge has been posted in a financial accounting record or system. Cost transfers from one grant account to another grant account are usually not allowed.

Taimu: A cost transfer involves the recording of an expense in a sponsored project that had previously been charged elsewhere. Cost transfers should be considered “the exception, rather than the rule”, and must be kept to a minimum. They must be allowable, timely, reasonable, consistent, of benefit to the sponsored project that is the recipient of the cost, and adequately documented. A cost transfer that involves salary is now called a Payroll Accounting Adjustment in Workday.