| Module closes at 5 pm on Wednesday 18 August |
On this page: |
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Final date for completion |
✓ |
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Process monthly Barclaycard statements before AP close, if using this option |
Mon 16 Aug | |
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Clear research grant funds check failures and exceptions |
Mon 16 Aug |
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Correct research grant VAT errors up until the end of June |
Mon 16 Aug |
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Clear suspense grants |
Tue17 Aug |
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Post EC PI Time journals based on timesheets |
Wed 18 Aug |
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Post all research grants journals |
Wed 18 Aug |
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Key date |
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Month End processes completed: Non-direct costs, pooled labour, apprenticeship levy transfer |
Fri 30 Jul |
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Central processes completed: Overheads, EC Price Adjustments |
Fri 6 Aug |
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Unreconciled suspense items cleared to department GL overhead accounts |
Wed 18 Aug |
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Unresolved Fund Check Failures cleared to original grant and departments notified |
Wed 18 Aug |
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Grants expenditure report issued |
Mon 2 Aug |
| It is essential that exceptions are cleared. This includes funds check failures, suspense grants and expenditure recorded against the incorrect grant |
Clear funds check failures and exceptions
- Review and clear any funds check failures and exceptions. Where exceptions exist on awards, exception emails are sent to departments daily
- Central and Research Accounting (CRA) will clear all fund check failures through to the original coded award unless otherwise notified by 5pm on Wednesday 18 August
- CRA will notify all departments of fund check failures cleared centrally
Correct VAT errors
As advised by the Tax Team, raise grant journals to transfer any VAT errors from the AZZY (Transactions Pending Transfer) Source of Fund.
VAT errors relating to July 2021 will not be posted until Thursday 26 August. These transactions can remain on AZZY and transferred to the Grants Module in the August 2021 period. For further guidance see here.
Clear suspense grants
Review and clear expenditure posted to suspense grants by 17 August. Please notify Central and Research Accounting of any suspense account items, which are research related and are waiting for the Research Office to set up Research Grants. Any unresolved items in suspense grants which relate to July 2020 or earlier will be transferred to a department overhead GL account (source of fund: EDAA) on 18 August. Affected departments will be sent details of this journal.
These journals reflect timesheets, as per monthly processes, and should be posted by 18 August. Timesheets can be completed for previous months before the year end period and the relevant journals posted. For further guidance, see here.
Finalise and release all Research Grants journals
Departments have two additional days following the closure of the Accounts Payable module to review their grants and post correcting grants journals as required.
Departments must ensure that all grants journals have been released in order to allow the Grants module processes to be run (e.g. costing and funds checking) before the module closes for the year end.
NB: Departments are not required to raise accruals for un-posted July invoices relating to research grants.
Research Grant expenditure reporting
Research Grant expenditure reports are distributed as detailed below. The report provides a listing of expenditure in the financial year, but is also available to be run from Cognos on an adhoc basis (Year End Grant Report)
| Date | Report |
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Mon 2 Aug |
1st Interim |
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Mon 9 Aug |
2nd Interim |
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Tue 17 Aug |
3rd Interim (after AP has closed) |
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Thu 19 Aug |
Final (after GMS has closed) |
| In case of queries please contact the Research Grants Helpdesk Tel. 64796 |