Using a Funding Source Balance Report for Grant Accounting

Using a Funding Source Balance Report for Grant Accounting

A funding source balance report provides a financial summary or overview of all fund sources. It details the overall budget, total expenditures, total encumbrances, and overall balance of the various fund sources. The report provides the administrator, principal...

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The Importance of Research in the Advancement of Society

The Importance of Research in the Advancement of Society

 Thanks to the internet and other technologies, life moves at a very fast pace. We're constantly adapting and learning new ways to do things--as well as expecting and even demanding innovation from our scientists, executives, and leaders.Without research, our demands...

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Why Project Personnel Costs for Sponsored Research?

Why Project Personnel Costs for Sponsored Research?

For today’s research-intensive organization, tracking personnel costs for sponsored research is a major factor. That’s because the majority of project costs stem from research personnel required to complete the project. Many departments, institutes, and universities...

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Common Mistakes Associated With Recharge Centers

Common Mistakes Associated With Recharge Centers

Research organizations have to manage a lot of compliance risks to ensure research operations are ethical and any audits go smoothly. One of the many areas to manage is the organization or university's recharge center.What is a recharge center?  A recharge center,...

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