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Author Archives: Nick Freyaldenhoven
Cost Transfer Expenditure Type List
Hello, When entering expenditure types on a cost transfer, please use an expenditure type that is on this list in box. Please enter exactly as written to ensure prompt, accurate processing. https://rice.app.box.com/folder/156749942989
Posted in Announcements
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Cornucopia of Useful Information
Hello, Below are a few things to keep in mind when managing your sponsored projects. Close Date- iO utilizes the close dates to control spending on projects. The close dates are typically set to 45-60 days after the award ends to … Continue reading
Posted in Policy and Procedure Updates
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Expenses Troubleshooting
Hello, Several people have contacted RCA and P2P concerning issues when charging a sponsored project. Most of the issues have been corrected by doing the following tasks: For requisitions, configure your Favorite Charge to Account. Enter an expenditure item date … Continue reading
Posted in Announcements, Training
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Viewing Sponsored Project Expenses and Funding at the COA Level
For Sponsored Projects, the following funding sources are used to map the iO projects to the COA. The fund source mapping is based on the Award/Project Type and Task of the Project. Navigating on the Finance Dashboard and selecting the … Continue reading
Posted in Training
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2 New FAQs
FAQ 1: What is the process for managing overspent awards in iO? Once the award has ended, any expenses that are in excess of the award budget are transferred to a Deficit project. RCA will create the Deficit project as … Continue reading
Posted in Policy and Procedure Updates
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Updated Non-Labor Cost Transfer Form
Hello, We made a few changes to the form to better explain the data needs. Also included is an example of how to enter data for the converted labor costs. Another tab was added to the spreadsheet to aid in … Continue reading
Posted in Policy and Procedure Updates
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Final Conversion Crosswalk
By crystald | Published August 19, 2021 This is the final conversion crosswalk for historical data conversion through June 30, 2021. Crosswalk for all Banner FOAPAL 8122021 A to D76999 Crosswalk for all Banner FOAPAL 8122021 D77000 to G Crosswalk for all Banner FOAPAL … Continue reading
Posted in General Accounting Blog Postings
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University Award Procedure
University Awards Rice‐funded awards that are made to faculty or staff through a competitive process (such as: Faculty Initiative Fund; Enhancing Rice Through Information Technology program; Shell Center; and similar seed funding programs managed by different units) will be established … Continue reading
Posted in Policy and Procedure Updates
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Cost Transfer Procedure for Sponsored Projects
Good Morning, The procedure for performing cost transfers in iO has been updated on RCA’s website. The information below can be found at this link https://controller.rice.edu/rca-cost-transfer Cost Transfer Process in iO The process for cost transfers in iO is dependent … Continue reading
Posted in Policy and Procedure Updates
Tagged Cost Transfer, Expense Correction, Expense Transfer
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Dates in iO
Expenditures associated with Sponsored Projects, Faculty Funds and Capital Projects created and managed via PPM in iO have multiple associated dates. These dates allow for tracking of costs from both a compliance and financial reporting perspective. Expenditure Item Date The Expenditure Item … Continue reading
