Receive and Apply Cash - AR Journal Entries

  • Receive payment from Grant Sponsor via AR20.

  • Apply Cash via Grant Contract Application (AR32).

  • Run Application Closing (AR190).

  • Run Distribution Closing (AR195) to post AR Journal Entries to AC and GL.

  • AR195 creates entries to re-classify revenue and book cash.

  • Revenue is recognized when Grant is invoiced.

  • **Revenue is posted to AC.