Reverse Accruals

The term “reverse accrual” refers the process whereby previously accrued funds are reversedand credited the current fiscal year. A reverse accrual occurs when the total grant award is notpaid out, if there is an unpaid balance at the end of the grant cycle, or when a grantee hasreturned funds to OSF that will not be paid out again under the same grant. This process isautomatic in Foundation Connect when a grant is closed or the status is set to “FinancialClosed”.


Add your comment

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.