Request for Reimbursement - Recognize Revenue when Invoice

Run Activity Posting (AC190).

Post sub system entries for project expenditures for $100,000.00.

Expense side of the entry posts to the project activity.

Run Grant Contract Expenditure Allocation (GM120).

Allocate $60,000.00 to Grant A, $25,000.00 to Grant B, and $15,000.00 to Local Funding.

Run Grant Contract Request for Reimbursement (GM121).

GM121 creates invoices for Grants, interfaces receivable records to AR for Grants, and creates JEs for Grant and Local Funding to book revenue.

Revenue is recognized when Grant is invoiced.

GM121 also creates a journal entry to the Non-Grant Fund Revenue Offset Account (GM20 Fund Accounts tab). This is the clearing account that used to offset funding appropriated to your projects.