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.