Expenditure in M sources of funds reflect the spend on grants, plus any central adjustments (e.g. for transfers of overspends to departments and fx gains and losses). We use the M source of funds expenditure to calculate our research expenditure for statutory reporting, and this is also the basis for calculating our reported research income.
GL postings to M sources of funds should only come from one of two sources:
- Transactions transferring across from the grants module
- GL journals posted by the Research Accounting section of the Finance Division (e.g. overspend transfers, fx postings)
If other GL journal postings are made to M sources of funds this will be reported in our research figures, but will have bypassed the grants module and could lead to errors in claims submitted to sponsors.
Corrections to M source of funds should generally be made via the grants module. Research Accounting can help you if you have any problems which you think may need an M source of funds journal to correct.