Example

While preparing a financial report it was discovered that indirect cost on a contract account is $1.24 below what it should be. $1.24 is debited to the indirect cost expense object code 5500 on account 4431421, while an equal amount of indirect cost income is credited to the indirect cost recovery object code 1803 on account 1022387.

The initiator of this document needed to add the line on the Grant section of the document. The line on the Receipt section of the document is generated automatically.

Both sides of the document automatically populate the correct indirect cost object codes.

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Internal Billing