Controller's Office

Introduction
Financial Management
Creating a Project in Financial Edge
Procurement
Equipment
Travel
How to Receive Summer Salary
Time and Effort Reporting
Correting Errors and Cost Transfers
Resources

Correcting Errors and Cost Transfers

It may be necessary to correct an error or transfer costs to another project. When this situation occurs, the Principal Investigator or his/her designee must prepare a JOURNAL ENTRY FORM and submit it to the Grants Administrator for processing.

The following information must be supplied:

Justification - a detailed written explanation of why an entry that was previously approved should be changed
Documentation - there must be an audit trail traceable to the original charge, including copies of the original documents supporting the charge
Timeliness - adjustments and cost transfers must be prepared within 90 days of the original transaction
Approval - the Principal Investigator or his/her designee must authorize the entry