Resources for Account Review<\/h3>\n\n- Financial Reporting FAQs<\/a><\/li>\n
- How to use GM reports for post-award financial accounting<\/a><\/li>\n
- Most commonly used grant management reports<\/a><\/li>\n<\/ul>\n
Some things to look for:<\/strong><\/p>\n![](\"\/research\/files\/2023\/03\/after-the-fact-review.jpg\")
<\/p>\nAfter-the-Fact Review<\/h4>\n
Use the BU Comptroller’s Resources for After-the-Fact Review<\/a>, including guidelines and templates.<\/div>\n\n- Do you recognize all of the individuals who were paid? Is anyone missing?<\/li>\n
- Are the salary charges correct?<\/li>\n
- Are your subrecipients invoicing?<\/li>\n
- Do you have an appropriate burn rate? i.e. spending too fast or too slow?<\/li>\n
- Is the budget amount correct?<\/li>\n
- Are there any expenses you do not recognize?<\/li>\n
- If you had foreign travel on your federal award, are you compliant with the Fly America Act?<\/li>\n
- Did any expense on your award require sponsor prior approval? Did you retain said approvals?<\/li>\n
- Were all expenses for goods and services received during the period of performance?<\/li>\n
- Do you have a NIH annual progress report due within the next quarter? Do you have more than 25% of the current year budget unspent?<\/li>\n
- Are expenses reasonable, allowable, and allocable?<\/li>\n
- Where and how do I move an unallowable cost?<\/li>\n<\/ul>\n
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<\/ul>\n<\/li>\n<\/ul>\nRunning Reports<\/h2>\nBusiness Warehouse How To<\/h3>Viewing Budgets in the Business Warehouse (BW) can be achieved through several different reports. The most commonly used reports for Departments are the Principal Investigator reports located under the Reporting Tab, Grant Management (Faculty) reports.<\/p>\nOne other frequently used report is the Budget vs Actual Report<\/a> (login required) located in the Grants Management (Distributed) folder. This report is mainly used by Central Offices and Departmental Administrators.<\/p>\nHere is a list of commonly used GM reports for post award financial accounting<\/a>, including guidance on when and how to use them.<\/p>\nAs a reminder:<\/h4>\n\n- All reports show data that is one day old so if you are running a report today, the data that is shown is through yesterday.<\/li>\n
- None of the Business Warehouse reports currently encumber salary, fringe, or indirect charges. Please see your department administrator with any questions.<\/li>\n<\/ul>\n
Training<\/h4>\n
IS&T offers several training classes around Business Warehouse Reports. See their training link here<\/a>.<\/div>\n<\/div>\n\nMy Grant Expenses How To<\/h3>My Grant Expenses<\/a> is a reporting tool that has been developed for all research faculty and staff with SAC access to provide a consolidated, easy-to-access view of budget and expenditure data for grants in his or her portfolio.
\n <\/div>\n<\/div>\n\nSponsored Programs Post-Award Approval Transactions<\/h2>\n
Sponsored research activity consists of expenses charged to BU Grants in SAP that begin with 50 (Federal) or 55 (Non-Federal). The following table summarizes those transactions that require approval by Research Accounting.<\/p>\n
Some things to look for:<\/strong><\/p>\n Use the BU Comptroller’s Resources for After-the-Fact Review<\/a>, including guidelines and templates.<\/div>\n One other frequently used report is the Budget vs Actual Report<\/a> (login required) located in the Grants Management (Distributed) folder. This report is mainly used by Central Offices and Departmental Administrators.<\/p>\n Here is a list of commonly used GM reports for post award financial accounting<\/a>, including guidance on when and how to use them.<\/p>\n IS&T offers several training classes around Business Warehouse Reports. See their training link here<\/a>.<\/div>\n<\/div>\n\n Sponsored research activity consists of expenses charged to BU Grants in SAP that begin with 50 (Federal) or 55 (Non-Federal). The following table summarizes those transactions that require approval by Research Accounting.<\/p>\n<\/p>\nAfter-the-Fact Review<\/h4>\n
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<\/ul>\n<\/li>\n<\/ul>\n
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<\/ul>\n<\/li>\n<\/ul>\n
Running Reports<\/h2>\n
Business Warehouse How To<\/h3>
As a reminder:<\/h4>\n
\n
Training<\/h4>\n
My Grant Expenses How To<\/h3>
\n <\/div>\n<\/div>\n\nSponsored Programs Post-Award Approval Transactions<\/h2>\n
![](\"\/research\/files\/2023\/02\/Foundation-Relations-Callout-Box.jpg\")
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