BIOCHEMISTRY

Post-Award

When does post award accounting start?

• During the proposal stage.
• Requesting what you really need: supplies, enough salary, equipment.
• Prespending allowable?

What is post award accounting?

• Knowing and understanding your agreement.
• Getting expenditures charged to the correct project.
• Reconciliation of charges, correcting mistakes immediately.
• Technical reporting. RSP responsible for financial reporting.
• No cost extensions, re-budgets, transfers, exceptional purchase request.
• Effort reporting.
• Review of unallowable and allowable cost per OMB Circular A-21 guidelines.
• Close out.