Grant Accounting with Cost Allocation Business Process Flow
Record the Life-to-Date Budget
Record the Current Year Budget
Record the Receipt of Federal Funds
Record the Estimated Net Cash Transfer and Cash Receipt
The Cost Allocation System Generates the Payable and Receivable
Record the Net Transfer and Net Receipts
Correcting Suspense Generated by the Grant Award
Correcting Suspense Generated by the Annual Budget Entries
Correcting Suspense Generated by the Life-to-Date Budget Entry