The Grants module interacts with the Purchasing, Accounts Payable and General Ledger modules, as well as receiving imports from the Inventory module and CHRIS payroll.
At year end there is a particular emphasis on ensuring exceptions, including funds check failures, are clear, items have been cleared from suspense grants, and research expenditure has been recorded against the correct grant. As part of the year-end certificate sign off process, Heads of Department are asked to sign off on the expenditure by project summary, covering all projects in their department.
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Tasks required |
Final date for completion |
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Review and clear research grant funds check failures and exceptions |
Wed 15 Aug |
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Wed 15 Aug |
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Wed 15 Aug |
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Wed 15 Aug |
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Fri 17 Aug |
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Finalise and release all research grants journals, including Grants ADI requests |
Fri 17 Aug |
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Final overheads, revenue and the EC FW7 Price Adjustments run centrally |
Fri 17 Aug |
N/A |
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Module closes to departments at 5pm |
Fri 17 Aug |
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In case of queries please contact the Grants Helpdesk
Tel. 64796 or email ufs_grants@admin.cam.ac.uk
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.
Correct VAT errors
As advised by the Tax Team, raise grant journals to transfer any VAT errors from the specified General Ledger suspense account onto the grant that they should relate to by Wednesday 15 August.
Clear suspense grants
Review and clear expenditure posted to suspense grants by Wednesday 15 August. Any unresolved items in suspense grants which relate to July 2018 or earlier will be transferred to a departmental overhead GL account (source of fund: EDAA) on 17 August prior to final processing and closure of the grants module. Affected departments will be sent details of this journal.
These journals reflect timesheets, as per monthly processes, and should be posted by Wednesday 15 August.
Process journals for monthly Barclaycard statements
See Credit card expenditure in the General Ledger section, and ensure all grant journals are posted before the Grants module close on Friday 17 August. Ensure expenditure date is 31 July 2018.
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 (eg. 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.
Grants should be reviewed on an ongoing basis.
The overheads, revenue and EC FW7 Price adjustments will be run, as usual, on Fridays,
with the final run for the 2017/18 financial year being 17 August.